Russian Crisis - Is it a buying opportunity? Message Board

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Strategies & Market Trends : Russian Crisis - Is it a buying opportunity?

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To: Ray Tarke who wrote (35)	8/30/1998 6:56:00 PM
From: Bill Dalglish	Read Replies (2) of 175

This is a helpful thread, Jeff. Thank you! My sentiments lie with a short bear market - now through October - with the Dow hitting 7300 or so (about 20-22% down from the high, if I've figured accurately). Overall, the bear will give us the new start we need for another trip up. It's a lot more complex now - with grave international problems in the Asian markets spreading to Latin America (which will affect our profits even more than Asia, I understand). The internationalization of the economy means that all bets are off about the way the Dow acts. We're in all new territory here. By the way, am I the only one who was dissatisfied with Louis Rukeyser's Wall Street Week analysis on PBS Friday? He's been perceptive in the past, but he seems to be so convinced we can't have a bear market here that his commentary said something like - "wall street is overreacting to the Russian scare - their market means nothing to us -" Well, there's a lot more to international financials than just the current Russian scare. Louis did us a disfavor by oversimplifying the situation, INHO. Bill in Tennessee

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