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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (23885)	10/23/1997 8:29:00 PM
From: Kapusta Kid	Read Replies (1) of 132070

MB, I looked at 5-10 year charts of the International CEFs in your portfolio. They all have a lot in common. APF - Morgan Stanley Asia Pacific - today made an all-time low since inception KF - Korea Fund - made at least a 5-year low TTF - Thai Fund - up today and has recently been rallying from an all-time low FPF doesn't interest me, although I guess that the Phillipine markets, economy, and standard of living have nowhere to go but up. These funds reflect long-term bear markets in these countries. For what it's worth, the charts are really grim and look like the S&P500 turned upside down. Perhaps the THAI Fund's recent rally portends rallies in some of the others. I plan to buy some or all of them, but I am waiting for some sign of bottoming, perhaps an extreme in sentiment where everyone is panning them.

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