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


To: Bonnie Bear who wrote (10282)12/5/1997 2:39:00 PM
From: Real Man  Respond to of 18056
 
No, I guess, just look for bargains worldwide... And for shorts as
well. When both currencies and stocks are falling imagine how much
you can get. And vise versa. I'm looking at SEA, but not investing
yet. Japan as well (looking, not investing) - currencies still continue to slide. Russia is a bargain, IMO. Market cap $50 Bln
or so, 20 Bln foreign investments. GDP is 1/2 of 1989 levels, but stopped sliding. You can buy 1 Russian for $300 bucks, not counting the vast natural reserves. Market cap is 10% of GRP.
RNE was almost at 1996
bargain levels (when M.Cap was 4% of GDP). Besides, if the FED
decides to save the stocks and print $$$, you are hedged...
(Not in Russia, though). Very bad feeling about US bull, but it's not
broken yet. DOW is above 7,800, which was my warning level. -Vi