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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Bonnie Bear who wrote (7174)11/6/1997 8:31:00 PM
From: tekgk  Read Replies (1) | Respond to of 18056
 
The Brazil dipsters didn't do so well today.

"Brazil's central bank had to double interest rates in October 1997 to avoid currency devaluation. A devaluation could damage the Brazilian economy and threaten a prolonged recession with echoes of the 1994 Mexican peso crisis. "

users.dircon.co.uk

>> avoid currency devaluation

I checked out the Real on

pacific.commerce.ubc.ca

Doesn't look like they avoided the devaluation all that well from what the graph is telling me.



To: Bonnie Bear who wrote (7174)11/6/1997 8:47:00 PM
From: Zeev Hed  Respond to of 18056
 
Bonnie Bear, this time it might be later, late Wednesday, but the dip buyers are still fearless. When the fear of a real bear will sink in, that is when we might finally get over with this down move. I think we have a good 6 to 8 months for that, of course if we go down at once, that is another story.

Zeev


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