Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Philipp who wrote (24478)	8/17/1998 9:41:00 AM
From: P.T.Burnem	Read Replies (1) \| Respond to of 94695

but companies like Lukoil should survive and are sort of a safe haven The company will survive but its stock may not.

To: Philipp who wrote (24478)	8/17/1998 10:02:00 AM
From: N	Read Replies (1) \| Respond to of 94695

"Russia did not technically devalue, but allowed the ruble to float down by up to 30 %" To devalue is a policy action, within a fixed exchange rate regime To float is to let the market do it So they've changed regimes...probably with full knowing, consult of IMF with a credit facility behind it On the more bizarre side, the Hong Kong currency board bought into the equities market last Friday. Apparently they don't need Goldman Sachs! Anyone know what to make of this? Nancy