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Strategies & Market Trends : HONG KONG
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To: Tom who wrote (2260)9/1/1998 11:22:00 PM
From: Ron Bower  Read Replies (1) of 2951
 
Tom,

"What have we here? | S&P up 4% | Mexico down 5% | And not so much as a word about it on the wires during business hours. Appears the funds are bailing on Mexico."

I guess I haven't been direct enough. I've been referencing Mexico and South America in many of my posts.

Everyone was shocked about the amount of US bank exposure in Russia, wait 'til they see the amount of exposure in Latin and South America. The region has contracted the Asian Crisis and no one saying a thing about it. I think the hedge funds have noticed.

Ron
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