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Strategies & Market Trends : Investment in Russia and Eastern Europe -- Ignore unavailable to you. Want to Upgrade?

To: P.T.Burnem who wrote (567)	8/28/1998 3:54:00 PM
From: Real Man	Respond to of 1301

Kiriyenko tried to milk the wealthy, including the big 7 (Gazprom). He was finished quickly. Perhaps that's the reason. What now? We'll see. Does not look optimistic, but 90% down in 10 months is more than the US stock market collapse in 1929-1933. Surely, stock prices reflect that pessimism. Also, I don't think Hungary is in any way responsible for a 45% drop in their stock market. Russian stock market is 2% of GDP. US market was 150%, less now. Dominoes are falling. Now they don't think Latin America will fall... Does not make sense to short Japan, SEA, or Russia now. Valuations are low.