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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 94.23-1.4%Dec 1 3:59 PM EST
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To: jmanvegas who wrote (13731)1/16/1999 4:26:00 PM
From: Zeev Hed  Read Replies (1) of 93625
 
jmanvegas, you have to take into account that the real was taken down 20%, thus the 33% of the Bovespa is not even 10% in constant dollars terms. Furthermore, that rebound was after a very long string of declines that brought the Bovespa to more than a 50% decline (from a high above 12,000 and in constant dollars, close to 14,000). Buying into their own equity market is one method of protecting their wealth against devaluation. If their market goes too high, it may soak up liquidity from the rest of their economy.

Zeev
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