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: Gary Walker who wrote (100)	8/31/1998 10:56:00 PM
From: Jeffrey L. Henken	of 175

I hate making predictions. I hate it! So don't hold me to this if I'm wrong. It's too late for me to be worrying about shorting anything. I'm long and getting longer. Yes the market still has some downside risk but I look for buying to come back in tomorrow and a close up as much as 200 points on the DOW. This is about as ugly as it gets(last year we actually lost 550 points in one day) but I don't expect the rebound to hold very well at all until we get some news about an interest rate decrease. Message 5627618 How quickly we forget. We can't help Russia by handing them more money but we can help the U.S. economy by spurring further growth. A decrease in interest rates will help a lot. Russia needs to straighten out it's own mess before I would want to loan them another cent. Regards, Jeff

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