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Strategies & Market Trends : Russia/Templeton Russia Fund (TRF)
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To: Quang Nguyen who wrote (7)7/24/1997 7:43:00 PM
From: Real Man   of 94
 
Quang, I'm not a bear (yet), the economic conditions don't favor
the bear market in the US yet. But the market went up very quickly,
it is very much overvalued,
and I'd like to have a correction for comfort. I hope we'll see one
soon enough. Then TRF will probably also mildly drop in value
or go sideways. Then I'll buy. By the way, I'm amazed with
the Russian Market: Can go
up 30 points in one day (This corresponds to about 270 points
for the DOW, if you take the same % increase).
-Vi
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