Kyocera Corp (KYO)

[muputs]

EGO, I don't follow BK directly, but right now I would avoid money center banks for anything but a short term trade. Today's WSJ ran a front page chart on nonperforming loans at C, JPM and BAC. C is carrying $8.0 billion, BAC $5.0, JPM $3.0. BK cannot be in a different boat. We are looking at major charge offs in the coming quarters. This should come as no surprise to anyone, considering the scale of the bankruptcies that have come down the pike. There are more to come.

One of the biggest issues is counterparty risk. The following is an excellent article on the subject. It is fairly long and detailed, but worth the time. The thing to keep in mind is that the international banking system is interlocked. One big failure anywhere will make LTCM look like childs play.

http://www.financialsense.com/Market/wrapup.htm