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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Edmond Katonica who wrote (892)	3/3/2001 1:16:41 PM
From: Telemarker	Respond to of 23153

Edmond, The Turkish Investment Fund (NYSE:TKF) is a closed-ended mutual fund currently sporting a discount to NAV of 15%: cefa.com Another possibility with better liquidity is Turkcell (NYSE:TKC, an ADR), a telecom company. I like the following site for info on ADRs: adr.com <<The makings of a financial panic are there.>> I've already gotten my feet wet there and am looking for more. Personally, I see only a negligible chance for contagion originating in Turkey - but as always, reasonable minds can differ. Harry S. Dent tells us that the demographics in Turkey look quite promising for the longer term. Consider how Brazil came through their devaluation in early 1999, but I grant that the political climate was much better there and thus probably doesn't make for a good comparison. Another spot where there is still "blood in the streets" is Indonesia. As an OPEC member, Indonesia is much less exposed to the negative effects of high energy prices, which may hinder growth in other Asian economies. IIT and TLK are exceptional opportunities for the patient and calm investor at this time, IMO. Would be happy to discuss further if there's any interest. It's very interesting watching how the various international, and especially the emerging equity markets are responding to the perceived turmoil here in the U.S. As I've stated before, my view is that we're seeing the beginning of the end to U.S. economic dominance and dollar imperialism. In 10-15 years, I can see our economy having become an afterthought in the global scheme of things. IMHO, those investors who plan on being around that long should be giving some consideration to these matters. Regards, TM.