Ask Michael Burke 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.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Knighty Tin who wrote (34603)	10/27/1998 4:46:00 PM
From: MythMan	Read Replies (1) of 132070

Mike, do you think Brazil devalues? >>Tuesday October 27, 4:28 pm Eastern Time Wall St ends weaker as Brazil unnerves financials By Huw Jones NEW YORK, Oct 27 (Reuters) - U.S. stocks fell Tuesday after the latest data on consumer sentiment and rumors of a possible devaluation in Brazil reminded investors all is far from well at home or abroad. The past week's rebound in stocks was also seen overdone. ''The market sold off because of rumors about Brazil devaluing and they probably will, but not until next week after they get their IMF package,'' said Harry Laubscher, a market analyst at Tucker Anthony. The Dow closed unofficially off 66.17 points at 8366.04 ''The recent run up has probably gotten a little extended and we should have a couple of days of weakness before we start up again,'' Laubscher said. ''Any and all rallies you want to be selling into.''<< MM

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next