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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (14564)9/12/1998 8:20:00 PM
From: Nancy   of 120523
 
Huge move on BKB - in fact, all banks made huge move probably due to Brazil's big turnaround. Instead of us lowering the rate to save Latin America, Brazil raise rate by 0.50 percent to stem the slide of its currency. BKB is very prominent in Latin America particularly in Argentina.

I dont think banks are out of the wood yet, we would see some backing and filling from here.

One thing I notice, banks turned around when the yield went above 3%, BKB, NB.
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