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

To: Steve Fancy who wrote (6757)	8/17/1998 1:17:00 PM
From: MGV	Read Replies (2) \| Respond to of 22640

Now that Russia has devalued, the farther we move away from the event w/o a corresponding devaluation in China and Brazil, the stronger the support will be for TBR and the less likely we will move significantly lower. The other side of the coin, of course, remains in Japan. At this point, nothing short of a 160ish Yen looks likely to move the GOJ to jump to approval of a credible structural reform package. Without it, the perceived risk of Chinese and, by extension, Brazilian devaluation will remain to keep a lid on TBR.