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

To: Haim R. Branisteanu who wrote (24905)	8/22/1998 3:24:00 PM
From: Monty Lenard	Read Replies (1) \| Respond to of 94695

Haim from the Mediteranian shores Hi Haim, so help me I was thinking yesterday that you were missing all the action but it appears that I was wrong. :-) Remember that Friday sell-off in Europe was Russian triggered Yes but it sure hit SA awfully hard and I wonder it the dam does not have more leaks now than they have fingers to plug them with. :-) It seems that when one drip is "fixed" another one develops. I honestly believe it will catch us sooner or later. Money is still comming in into funds, 2.6 billion by last read and teh rally is getting narrower. That almost sounds like a contradiction??? Are you saying the money going into the mutual funds are not going into stocks? My speculation is a short lived rally into labor day weekend. I do believe it is struggling to hold its head up but suspect that it will be unable to do so. Monty

To: Haim R. Branisteanu who wrote (24905)	8/22/1998 4:06:00 PM
From: Dimitry A. Semenov	Read Replies (2) \| Respond to of 94695

I must disagree RE: Russia. There are no resources to prop the ruble. It seems regardless of what they say on Monday, the opportunity to get external financing weather through GKO or sovereign debt placements is nil. I thing the ruble will be beyond 9,5 ceiling by the mid fall if not by the end of next week. They cannot increase tax collection that quickly. The only way they can make payments is running the printing press. The end result: inflation by mid fall, political unrest, fall of government and possible vacuum of power and political struggle. With all the loosely controlled nukes out there, the short-term situation is likely to get very unstable.

To: Haim R. Branisteanu who wrote (24905)	8/23/1998 5:09:00 AM
From: PaperChase	Read Replies (2) \| Respond to of 94695

>>Remember that Friday sell-off in Europe was Russian triggered, which followed in the US<< Honestly, why should we care tremendously about Russia other than the loose Nukes floating around? Russia's economy contributes very little to the world and we in the U.S. have been able to survive long before their attempted move away from communism. Any equity market sell-off because of Russia's problems would be the most senseless thing I could witness.