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To: Trader J who wrote (31729)8/27/1998 8:05:00 PM
From: Luc Glinas  Read Replies (1) | Respond to of 97611
 
We are all cooked.

Yeltsine is still in or is out?
Russia his #2 nuclear power
Communist could and will in a way come back
Panic is growing in Russia
With no missile Russia means nothing for the world, except for Germany

Asia problems wont be solved for a while
China currency devaluation is coming if it's not there yet

South America starting to worry, we could see Brazil currency devaluation

Canada, Bank of Canada increase the rates 1%

The IMF has empty pocket and nobody listen to them anyway

And I could continue. So who is still bullish with those kind of news, I think that US market will be hammered latter in september. US$ is to high for a lot of country so they will reduce their US imports so US economy will be hit, ask to hotel owners in Maine what happen to their Canadian clients, they stay home and travel in Canada. If it happens in tourism it will surely happen in others sectors or the economy.

OMHO

Luc