Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (57111)	12/15/2004 2:21:13 PM
From: gumnam	Read Replies (2) of 74559

One good idea Argentina Banks are a good buy at this time- 1) Most of their assets are Govt bonds(Bodens) which have increased significantly in price over the last few months. It does not seem to be reflected in stock price 2)Argentina is finally going to have a debt restructuring in Jan 05 which will create more good vibes. 3)Also the currency is being artificially cheapened by massive Government intervention. 4) Argentina local interest rate curve is very steep and is a money machine for the banks. Risks - The whole emerging world is very extended and can correct quite a bit. Two that trade on NYSe are GGAl, BFR.

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