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


To: Steve Fancy who wrote (6972)8/21/1998 12:44:00 PM
From: MGV  Read Replies (1) | Respond to of 22640
 
Global investors were cashing Brazilian equities to make up for the losses posted elsewhere, some brokers said.

More evidence of maybe the biggest reason for this decline in TBR. How ironic! Its bleeding in its own liquidity.

The upshot is that market inefficiency is being raised to new levels and that is very good if you have the time and can hold on.