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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (22648)	1/15/1999 10:27:00 AM
From: James Strauss	Read Replies (1) of 50167

The Markets... ~~~~~~~~~~~~~~~~~ Ike: A relief rally in Brazil... The REAL is now floating... If it follows the Mexican PESO blueprint, it should fall further in the days/weeks to come for another test of the Bovespa lows... At that time, it will be a relatively low risk entry point... A good way to play Brazil is with BZL, a closed end fund... Buying below 3 1/2 has proven to be a good entry area... The U.S. markets are rallying today... Market breadth is positive... quote.yahoo.com This is either a normal rally within a correction, or a turning point... We'll know in a few days by looking at market breadth... If the market ends strong today it may be signaling a behind the scenes G7 deal to support Brazil... Jim

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