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To: MythMan who wrote (16417)	1/21/1999 4:31:00 AM
From: accountclosed	Read Replies (1) of 86076

Morgan Stanley's Biggs fears Brazil woes to spread...''I'm very afraid it (the currency crisis) will claim other victims in Latin America,'' he told a seminar in Tokyo. ''The most obvious one is Argentina.''...Biggs also cautioned that the U.S. stock market may be experiencing a bubble and has been bouyed by liquidity in the wake of global central bank interest-rate cuts. Biggs also called the rapid appreciation of Internet stocks a ''bubble,'' and said it had already lasted a relatively long time compared to previous bubbles in speculative sectors. He added that many investors were unsophisticated and were not using rigorous methods to value Internet stocks. ''They are buying Internet stocks strictly on the basis of their personal experience in the Internet,'' he said. biz.yahoo.com HK stocks close sharply lower on bank debt worries biz.yahoo.com

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