Investment in Russia and Eastern Europe Message Board

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Strategies & Market Trends : Investment in Russia and Eastern Europe

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To: Rob Shilling who wrote (625)	9/4/1998 8:04:00 PM
From: Rob Shilling	Read Replies (1) of 1301

Intra-day the RTS index went below what I thought might be the bottom made that Thursday the RTS index dropped 17% but closed up. I still think around 60 is the bottom to the RTS index and we may never see the RTS index close below it. Since I'm in a forecasting mood I think Russian stocks have huge potential (this is IMHO, so don't go bet the farm or anything). I am looking for a minimum of 7X from these levels before I sell. I fully expect that 10X within 2 years is possible. Long term as Vi has pointed out they could go to GNP levels or about 60X. Notice that all of a sudden the dollar is weak and the U.S. stock market isn't doing very good. We could see a pendulum swing back to asia and the emerging markets. This is especially true if oil rebounds sharply (OPEC). The economic meltdowns in asia and Russia are forecast to last a while, but markets tend to rise before economies do. Well that is it. I know some people will want to pick my forecasts apart (PT where are you), but hey I would love some discussion of different viewpoints.

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