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Politics : Ask Michael Burke

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To: Earlie who wrote (43234)	1/13/1999 3:28:00 PM
From: Robert	Read Replies (4) of 132070

MB, Earlie, etc.-- HELP!!! I have been stretching my brain to find ANY rational explanation for our financial markets' behavior today. I am beyond stunned. Brazil de facto devalues, which is what the whole "Save the IMF" campaign waged by Rubin, Clinton & Co. in Congress this year was meant to avert at all costs (implying that disaster would result if such a devaluation ever happened). Well, here we are and look at the Naz and the NUTZ go! I just don't know what to think any more. I still have my finger on MU puts, but I am scared sh**less since the stock goes up, and up, and up, even on a day like today. Can anyone explain how in the world we go up in the face of the Brazil debacle? -- Robert

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