Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.654

-5.3%

Dec 16 3:59 PM EST

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To: md1derful who wrote (8580)	9/28/1998 1:59:00 PM
From: Steve Fancy	Read Replies (4) of 22640

Yep, 5th grade. Worse yet, he told the joke out of the blue at a small family gathering for my Father's birthday as he heard a discussion of the Clinton fiasco. TBR, rate drop, tomorrow, who the h*ll knows. One school of thought I've heard says the market will sell off on a 1/4 point cause 1/2 point is built in. Another says 1/2 point causes a sell off due to concern that maybe things are worse than we all know. I'm going to put some kind of straddle on some stock or sector before the big announcement. As far as the elections, I think a Cardoso first round win is good for a small rally, but I see the key as being how aggressively he attacks the reform issues. Hope to see some strong comments regarding reforms on Sunday or Monday. None of the Japan approach of we'll get back to ya in a couple months, maybe. It has been stated Brazil is not Russia or Japan, next Monday will be time to put up or shut up IMO. Of course a further significant factor may be the availability of an emergency fund. Maybe we'll get our socks knocked off next Monday with an aggressive reform plan and announcement of an emergency fund. That oughta do it. US earnings start in force next week also. I think they may come in better then expected. This coupled with a rate increase may be good for a strong October rally. sf

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