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To: Trey McAtee who wrote (12800)8/23/1998 10:03:00 PM
From: Kevin Thompson  Read Replies (1) | Respond to of 21342
 
[End of the world Chat]

Hi Trey:

Looking like another bad day in store for equity owners... Japan down another 2%, Russia dismisses it's government...

As we approach the end of this millenium, the economists are saying that we are on the brink of a worldwide recession. biz.yahoo.com

If so, then it is a classic case of a self-fulfilling prophecy. LatAm financials are now under pressure for no reason other than herd mentality. The economists are saying they'll fall like dominos- first Venuzuela devalues, then Brazil has to, then it goes across the pond to China, etc., etc.

Conclusion: we may be in this for the long haul. And I mean multiple years.

Kev