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.

Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Dr. David Gleitman who wrote (31868)	8/30/1998 1:05:00 AM
From: FR1	Respond to of 97611

Perhaps Monday may demonstrate some initial weakness followed shortly after by a major rally That's basically how I feel. The market is looking to see that Viktor Chernomyrdin gets in and hear Clinton tell the Russians to go to the International Fund for money. Hopefully, that won't take more than a day or so. Then there is no more major surprises - everybody knows where the chess pieces are for the next year. The IMF will fork over a few billion here and there while begging the Russians to get a realistic tax system in place and the dance goes on. According to network news, the last money the IMF gave the Russian bankers they gambled on currency speculation and lost. This even though they were "legally" bound not to do that. Incidentally, I talked to Russians from Moscow Univ. at conventions over the last year. There is a reason Russians don't pay taxes. They pointed out to me that if you paid all the taxes you owe, you would pay more than 100% of the money you earn. This is because the equivalent of the fed, state, city, etc. taxes add up to more than 100% of what you earn. These guys don't talk to each other or care what the other guy is charging. It's the mad hatter's tea party from Alice in wonderland.