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Technology Stocks : Dell Technologies Inc.

DELL 117.44

-1.6%

Nov 20 3:59 PM EST

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To: stock bull who wrote (89257)	1/14/1999 3:34:00 PM
From: Chuzzlewit	Read Replies (4) of 176387

Stock Bull, Latin America constitutes the market for 20% of America's exports, so this is a serious situation, and one that should not be underestimated. The primary fear is that Brazil will drag a lot of Latin American economies down with it. That would have dire consequences for the US banking industry which has large SA commitments. So I see vigorous action on the part of the IMF and the Fed to try to contain this problem. I'm not sure that I understand the reasoning behind Brazilian devaluation and a devaluation in China. That seems a bit far-fetched. I think the markets are reacting (finally!) in a much more rational way to the problems in Brazil. My guess is that this leg of the bull market is over while many economic analysts adopt a wait and see attitude surrounding the potential spill-over to the rest of Latin America. Once we see containment of the possible negative ramifications of the Brazilian devaluation I believe that the stock market will once again begin to sizzle. On the positive side, I think that there is growing evidence of at least the beginnings of an economic rebound in Asia, with Korea leading the way. If this rebound picks up some steam soon it can result in higher commodity prices, particularly oil, which I believe is necessary to pull a lot of SA and eastern European economies out of their current slumps. At this point I am cautious, and cautiously optimistic about overall improvement of world-wide economies. Again, I think that there are two keys: containing the problems in Brazil and rebounding economic activity in Asia leading to an increase in the price of oil. TTFN, CTC

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