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Strategies & Market Trends : Investment in Russia and Eastern Europe
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To: Rob Shilling who wrote (509)8/24/1998 3:16:00 PM
From: Real Man  Read Replies (4) of 1301
 
Rob, as always, I agree with what you say. However, Chernomyrdin
as a Prime minister is equivalent to the fact that Yeltsin admitted
the power of oligarchs. While there was hope Kiriyenko and Co would
reform the corrupt system Russia had, there is no hope now (for the
nearest future). This does not mean stocks won't go up, though.
This world crisis is pretty serious, and it's far from over, so
I tend to be more than 50% short nowadays. As for Russia, I think
you are right about 20-30x long term.
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