Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: P.T.Burnem who wrote (26224)	9/2/1998 1:56:00 PM
From: Philipp	Read Replies (1) of 94695

The fact that the news of Russia's default sent bank and other financial stocks into a tailspin indicates that the default came as a complete surprise. Only to the naive, small investor, the person who finds out last and has to pay the bill (via lower stock earnings, higher banking fees). I would not call 15 % down (Deutsche Bank, probably the biggest creditor) when the market is down by a similar amount a tail spin either. Actually it rather proves my point. Also I think that this is a rather futile argument. Every serious European investor I know knew and I don't have any insider information. Even my mother knew and she did not hear it from me. Regards, Philipp

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next