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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: wooden ships who wrote (6895)8/16/1998 3:56:00 PM
From: David Bogdanoff  Read Replies (2) of 42834
 
T:

I also saw those cnbc figures which show the relative small involvement of the US economy wrt Russian economy. The market is a forward looking mechanism and the Asian situation has already been factored into the markets, while the Russian situation has returned ratther suddenly despite recent IMF help. Thus, the market is still probably factoring in its problems. Further, the Russian situation is more important politically than Asia. If the current Russian government falls, say, the West would face a possible communist return to power and that would be very distressing, to say the least. Further, Russia has plenty of nuclear weapons which needs a strong and stable government to control them. The continued proliferation of the nuclear arms race on the Indian sub-continent has certainly reminded us that this is a hot issue. Thus, a great deal of uncertainty is created far beyond the size of Russia's economy relative to Asia, and this uncertainty is having a strong negative impact on our markets, imo.

One final comment to this thread's Bob basher's(you know who you are);BB said the market would test its lows during August; do you think you can bring yourselves to admit that that is what's happening?
I know its difficult as that implicitly gives Bob some credit.
David
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