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To: Wally Mastroly who wrote (302)8/27/1998 1:15:00 PM
From: stock bull  Read Replies (1) of 15132
 
Wally, I too have a "gut" feeling that the markets will recover to a loss of under 150 Dow points...maybe even under 100 Dow points.

I think the major uncertainly at this time is not only the Russian economy, but who is going to run the country. Although there was a rumor earlier today that Yeltsen had resigned, it was later denied. However, I think its only a matter of a few days until he's gone. There appears to be a strong possibility that some "hard liner" will take over. There also exits the possibility that Russia will move away from a free economy to some form of controlled economy. In any event, as you know, the markets don't like uncertainly...and, we sure have uncertainly in a big way.

Stock Bull
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