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.

Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (303)	8/27/1998 12:58:00 PM
From: marc ultra	Read Replies (3) \| Respond to of 15132

My take on today. I think the chaos in Russia has gotten magnified way out of whack in the US on a very temporary basis because of hedge funds and other institutions who had all sorts of leveraged positions on Russia which now look like they get marked to zero and may cause some US liquidations to get some cash. Add that to the fact that Yeltsen may be leaving and there is talk that many Russian industries may be nationalized which could mean big losses for international partners and you have a double whammy on international markets far beyond any actual world economic effect. So what are the actual market fundamentals at this point. 1)no chance of Fed rate increase and now much greater chance of decrease. 2) continued strong money growth thanks to the Fed. 3)No sign of US recession at this time and 4)valuations are now very compelling based on current lower prices combined with current all time low interest rates. Conclusion: Stay cool and enjoy the ride up when it comes soon. Marc