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

To: MGV who wrote (7137)	8/26/1998 8:10:00 PM
From: MGV	Respond to of 22640

Here is the conventional wisdom. (Speaking about the effects of globalization in world markets and economies) "George Jacobsen, a money manager at Trevor Stewart Burton & Jacobsen. ''This is the downside. You're no longer isolated.'' Jacobsen said it is too early yet to be an aggressive seller of U.S. stocks. Rather, he said investors should be cautious about buying before a material sign of improvement appears. ''Sit back, be cautious and take out excessive risk from portfolios,'' he said. ''It looks like the bond market is going to do well, so you have something to do with your money.''