Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Barbara Barry who wrote (20189)	6/12/1998 1:30:00 PM
From: Haim R. Branisteanu	Read Replies (1) of 94695

Barbara that is exactly my case. the market was topping out and as I wrote over a week ago the last rally was a trap. Now my logic is that financial assets will start being out of favor and people will go for tangible value - commodities. You still need to drive to work, eat your cereal, warm and light your house and communicate over telephone lines. Interest rates may go lower which only will boost utility type stocks and NOT in the US they are to over priced - but overseas. Why I chose Russia?? Their market is in the dumps interest rates around 60% or so. Russian dollar denominated bonds around 12% or 8.2 P/E equivalent and ROS has most of it's revenue in foreign currency anyway with a P/E of 4.5 or earning yield of 20% to 25%. bradynet.com Plenty of natural resources, people well educated, economy started to bottom out, they start to collect taxes and from a strategic point neither the US or the UK or Germany can afford a repeat of Korea or Indonesia in Russia. They will bail them out. BWDIK Haim

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