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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: MGV who wrote (6490)	8/11/1998 1:36:00 AM
From: Jerry A. Laska	Read Replies (8) \| Respond to of 22640

Mark, Yeah, but if Obuchi and Miyasawa don't get their act together soon and do soon about the banks, Asia is going to keep on falling and pulling Brazil down with it all the way. I keep going back the Japanese and that $1,000,000,000,000 in bad loans they've got hanging over everybody's heads. Until the Japanese do something significant we seem to be stuck in a trading range that is trending down. I expect that to be the primary topic of conversation when Jiang visits. Asia looking pretty ugly again tonite so far. The Hang Seng has just hit a new five year low. Different month - same story, in the red again, I've got to remember to take those profits when I can. I'll get it right one of these times.<g> Jerry