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.

Strategies & Market Trends : Russian Crisis - Is it a buying opportunity? -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey L. Henken who wrote (5)	8/29/1998 12:39:00 PM
From: Cyrus	Read Replies (1) \| Respond to of 175

Hi Jeffrey My thoughts are Russia is not so important in its economic size but rather in the fact that we seem to be on a global currency devaluation merry go round. Japan is the key to Asia at least, yesterday Moody's derated the twelfth largest bank in the world, Fuji bank to two levels above junk bond status. There is just nothing to lead the market higher right now and with probable earning warning announcements from US companies being immanent. Everything looks rocky. I am still holding ABMI and a few other stocks which have already been beaten down, but will maintain my defensive position for now. The other side of this equation is there really is nowhere to make investments with a decent return, this fact should lead people back to the markets eventually. Best Darrell