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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?


To: Stitch who wrote (6637)8/13/1998 9:02:00 AM
From: Proud_Infidel  Read Replies (2) | Respond to of 10921
 
Overreaction by markets? Are the problems of Russia structural or psychological?

++++++++++++++++++++++++++++++++
Thursday August 13, 7:21 am Eastern Time

Russian PM says no grounds for markets' crisis

MOSCOW, Aug 13 (Reuters) - Russian Prime Minister Sergei Kiriyenko said on Thursday there was no economic basis for a decline in financial markets and added that despite the markets his government was in a position to service its obligations.

''Unfortunately what's happening on the markets belongs in the realm of psychology. There are at present no financial grounds for a deterioration in the situation on the markets,'' he told reporters after meeting Communist opposition leader Gennady Zyuganov.



To: Stitch who wrote (6637)8/13/1998 11:28:00 AM
From: Clarksterh  Read Replies (1) | Respond to of 10921
 
Stitch - I suspect we will have more then adequate time to realize great returns [after a turn is obvious].

While I think it is true that you will still be able to make money after Morgan's first announcement, it is also true that in Oct 96 NVLS (which I was in then) jumped 50%(?) the day after a Morgan announcement. Of course it then more than doubled from there over the next year, but a lot of the upside happened in one day. Brian is saying that he expects the same to happen again (and so do I).

Clark