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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Starlight who wrote (50942)	4/21/2001 7:21:03 PM
From: American Spirit	Respond to of 57584

One reason the Brazils of the world are always in trouble is because the rich there take all their money out of the country and invest it here. Has always been that way down there. They prop up their currencies artificially and inflation is always a problem. Same as in Russia. Nobody wants to be paid in local currency. Also neither of those two countries has oil reserves. Venezuela is in better shape I'm sure, as well as Russia and Mexico. Russia's first break in a long time. South America has potential but Europe, Asia and Australia are much more important. UIS for instance does 50% of its business in those three areas where Unisys is actually a household name. IBM is also 50% foreign. One thing though. The internet is fast-expanding globally even in third world countries. That growth is only going to get better. Wirless phones are also a major growth business wherever the land-lines are undependable. The dream of Globalstar was to link everyone (with money) anywhere in the world. It still makes sense and will eventually succeed if someone takes it over from Loral and gives it a few more years. Sorry if I rebut your pot a little but frankly we've had so much bad news in the press for the past four months that I thnk by now it's more than priced in. Exposure can only be a factor where there's an unrealistic expectation. Those expectations are greatly lowered from previous levels for every business but energy and discount retailers.