Rambus (RMBS) - Eagle or Penguin Message Board

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Technology Stocks : Rambus (RMBS) - Eagle or Penguin

RMBS 94.22

-1.4%

3:30 PM EST

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To: Don Green who wrote (13727)	1/16/1999 3:46:00 PM
From: jmanvegas	Read Replies (2) of 93625

Brazil's stock market went up 33% in one day. Holy cow! Their problems aren't over by a long shot and they will infect all of Latin America. Does it derail the long-term bull market here? I don't think so. But short-term, who knows? The Fed is not going to step in again. Alice Rivlin, Vice-Chairman of the Fed is talking down the stock market. Greenspan speaks on 1/20 - he could damage things if he wants to. If I were trading or holding Brazilian stocks, I would be looking to get out now. That 33% rise was a gift - time to go to the beaches in Rio and party with that 33% gift. What market rises 33% in one day. Is there something going on here that we are missing? And Mexico may be next - their capital reserves are nothing to rave about. China - some of their institutions are failing. So I am a bit nervous in the short-term. Now there is a new everyday word on the street -"valuation". The internuts did lousy on Friday overall and some of them have better and more compelling stories than RMBS. If Brazil craps out 10% - 15% Monday or Tuesday, does that affect the US markets? I am long RMBS in my retirement account - just trying to think things thru.

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