Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

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To: Steve Fancy who wrote (422)	11/16/1997 11:52:00 PM
From: Aaron Weiss	Read Replies (1) of 22640

I'm definitely in the optimistic crowd for Monday's action. As I write this, HK is already UP 5.28%, and the Nikkei is up 5.78%! If you buy the notion that the trouble in HK was partially responsible for the recent downdraft in the LatAm markets (which I do), then this is definitely good news. It is possible that we may see the "Mother of all Covering Rallies" in LatAm issues if HK can put in a credible bottom by rebounding strongly. The S&P contract (on Globex) is now up 510, which means an up open in the US. The techs may also get a serious shot of adrenaline from the HK bounce since sagging Asian demand was the initial excuse for selling them down. Keep your seatbelts fastened, gentlemen! Aaron

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