Investment in Russia and Eastern Europe Message Board

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Strategies & Market Trends : Investment in Russia and Eastern Europe

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To: Thomas Haegin who wrote (211)	6/10/1998 1:03:00 PM
From: Real Man	of 1301

The turmoil which led to the collapse of many emerging markets - low commodity prices - continues biz.yahoo.com G10 did not discuss Russia: biz.yahoo.com Russia T-bill sale results (with quotes about the situation): biz.yahoo.com ......................................................... "I would say that almost any announcement could create negative sentiment" - This is true when the stock market lost 70% from the peak...The average bear market lasts 1.5 years? I guess, we might look for a bottom in Asia pretty soon - which should help Russia. Russia did not rally much after Jan. carnage because of Yeltsin's dismissals... I believe Russia's GDP and other economic data could be severely understated since a lot of businesses, especially small, avoid taxes; if they can improve this sphere (taxes), official figures could suddenly show large growth. -Vi

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