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Technology Stocks : Audio and Radio on the Internet- NAVR
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To: Craig Rogers who wrote (1302)12/3/1998 11:23:00 PM
From: Jose Matos  Read Replies (1) of 27722
 
It's really sucked watching the lunacy going on with all of the Ecrap going thru the roof. It's about time these E "money losing" Commerce crap head for the pink sheets.
Personally I hope Brazil devalues and or defaults on that nice chunk of change the IMF threw their way. Better still, use the $41 billion to buy every Brazilian babe a new string bikini and a Volkswagen Beetle convertable. Then they can all drive up and down Rio topless (them or the car) laughing at Greenspan and the IMF jerks.
The fact that Brazilians are against a tax hike should not be a surprise to anyone. The fact that they told the IMF what they wanted to hear in order to receive the motherload, also should not be a surprise. The fact that the IMF are gullible idiots, should not be a surprise. With no surprises left, only facts remain. Latin America is in the early stages of a major crisis that will hit large US banks the same way that Russia's problems hit German Banks. Venezuela, whose main export is oil is about to see a major recession.
Compound this with ludicrous valuations on S&P, absurd valuations on anything .com, the tax loss season and earning warnings season and you've got the recipe for a nice 5 ~ 10% correction in the next few weeks.

Maybe you just wanted a simple up or down answer. Uuhhh, I'd say down. But what do I know. I thought Ebay was overvalued at $70. Thank you Datek for making it NM / NS during the run up. I would have been in a world of poop.

Regards.
Jose.
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