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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (1280)	8/27/1998 11:25:00 PM
From: Box-By-The-Riviera™	Read Replies (2) \| Respond to of 3339

Here's an interesting reaction to a bear market.....from south of the border........ Argentine bolsa head says selling "unprofessional" BUENOS AIRES, Aug 27 (Reuters) - The head of the Buenos Aires Stock Exchange said investors acted in an ''unprofessional'' way in dumping Argentine shares, which dived more than 10 percent on Thursday amid growing concern about Russia's economic crisis. Eugenio de Bary, president of the Buenos Aires Stock Exchange, told journalists big investment funds were selling ''without thinking'' to recoup losses made in other markets. Argentina's stock market dived 10.63 percent on Thursday, the largest percentage decline of Latin America's major markets, amid the global fall-out from Russia's escalating economic crisis. ''I think this way of operating is absolutely very unprofessional, and at some given time the investment banks will have to do something with regards to it,'' de Bary said. The decline Thursday left Argentine stocks at their lowest in 39 months. De Bary said the current low stock prices should be considered ''a gift.''