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

To: CuttotheCore who wrote (6747)	8/17/1998 12:13:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Yep, I kinda of half expected weakness today. Expect TBR to turn around yet today, or before the day is out tomorrow. If Clinton addresses the nation tonight, I expect this to turn into some kind of weird positive tomorrow. Asian markets should be up tonight if we maintain our gains. Hong Kong should be held in check by concerns of equity intervention if nothing else. Looks like Russia will stabilize over the near term. China is the most bothersome factor I'm seeing. Seems it goes down almost every night. Big drop last night. Someone had asked about devaluation of the real. Brazil's currency has remained stable throughout the entire mess so far. Don't think they are anywhere close to devaluing. If this did ever become a consideration, I doubt they'd do it before the elections. I doubt they'll do it at all. Would appear all the big TBR buyers may subscribe to this theory also. Hoping this is the worst of the week. sf