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Strategies & Market Trends : Investment in Russia and Eastern Europe -- Ignore unavailable to you. Want to Upgrade?

To: Thomas Haegin who wrote (301)	7/10/1998 12:33:00 PM
From: Real Man	Read Replies (1) \| Respond to of 1301

For me today market action is a yet better sign. -Vi

To: Thomas Haegin who wrote (301)	7/10/1998 1:14:00 PM
From: Real Man	Respond to of 1301

Yes, I see many publications now which picture worst horrors as the only possible scenario - not likely to happen. Some of these were reprinted here. The key for me is to watch the rates (T-bill). So far they are crazy and getting even more crazy. When the yields drop, we'll see a rally. -Vi

To: Thomas Haegin who wrote (301)	7/10/1998 7:46:00 PM
From: Real Man	Read Replies (2) \| Respond to of 1301

Here is the piece of news that moved the market today. russiatoday.com I reprint it here, in case it disappears. Of course, the market is going to fall on Monday if there is no deal. Looks like the russian funds could put a double bottom. FRANKFURT -- (Reuters) Russian debt negotiator Anatoly Chubais (pictured) expects a preliminary deal on new credits from the International Monetary Fund by Saturday, a report in the Wall Street Journal Europe said on Friday. The newspaper cited an aide saying that the IMF portion of the package would amount to around 40 percent of the final figure, and that estimates putting the loan at around $10 billion to $15 billion were generally correct. Chubais expects the rest of the sum to come from private banks and from the World Bank, with the private institutions providing the bulk. He said that parallel negotiations with the World Bank this week were positive. A senior IMF official, John Odling-Smee, is set to arrive in Moscow on Friday to take decisions on the main issues. Chubais said in the report that he doesn't expect Russia to devalue the ruble, chiefly because international aid would tide Russia over the current liquidity crisis. He said he expects Russia's economy to continue to grow in 1999. ( (c) 1998 Reuters)