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Technology Stocks : America On-Line (AOL)
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To: Pruguy who wrote (2592)1/13/1999 10:29:00 PM
From: Cyrus  Read Replies (2) of 41369
 
Brazil has the potential to be a far larger problem than some give it credit for. Personally I believe it will be repaired because it has to, but in three days, make that two it could devalue again on it's way to a floating currency. It has not completed all of the requirements of the IMF to receive all of the bailout package. Being the largest economy in South America it has an effect on the rest of the countries in the area including Mexico, this area compromises the US third largest trading partner behind Canada and Japan. Today its market was down 10% before intervention paired the losses to 5%. I would be cautious here as sometimes these signs are ignored in there early stages.
IMHO
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