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 (757)	10/20/1998 8:22:00 PM
From: Real Man	Read Replies (2) of 1301

Yes, I think so, but my opinion does not count. The era of forced selling may be over. However, note what happened to the price of oil in October. This is not good for Russia. Although, the ruble drop by far compensates for this. Russian trade ballance has shifted enormously, and many Russian companies have benefitted from the surge of prices on foreign-made goods. This drop in imports, however, is not good for Europe, especially Eastern Europe. There could be a strong down move if/when the US market finally goes down, or when they finally default on their large foreign debt. I believe, there will be little or no cheap money available to Russia in future (probably long term), but the foreign companies still will move into Russia. I also believe that the Russian market won't be nationalized or destroyed, so a move into Russian equities is sound because of extremely low valuations. -Vi

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