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 : HONG KONG -- Ignore unavailable to you. Want to Upgrade?

To: Tom who wrote (2260)	9/1/1998 11:22:00 PM
From: Ron Bower	Read Replies (1) \| Respond to of 2951

Tom, "What have we here? \| S&P up 4% \| Mexico down 5% \| And not so much as a word about it on the wires during business hours. Appears the funds are bailing on Mexico." I guess I haven't been direct enough. I've been referencing Mexico and South America in many of my posts. Everyone was shocked about the amount of US bank exposure in Russia, wait 'til they see the amount of exposure in Latin and South America. The region has contracted the Asian Crisis and no one saying a thing about it. I think the hedge funds have noticed. Ron

To: Tom who wrote (2260)	9/1/1998 11:39:00 PM
From: Ron Bower	Respond to of 2951

Tom, Examples of the things I've been reading. Don't expect today's rise in the US market to last. We're going down!!! GUATEMALA CITY, Sept 1 (Reuters) - Guatemala's Central Bank said on Tuesday it was selling dollars and tightening liquidity by offering high-bearing short-term notes in a bid to rescue the currency from its weakest level in a decade. BUENOS AIRES, Sept 1 (Reuters) - Argentine President Carlos Menem ordered a freeze on public spending Tuesday in the latest of a series of measures to soften the blow of global financial turmoil to the nation's economy. The financial market crisis has pushed interest rates higher, causing a contraction in credit which is expected to slow growth, which in turn could reduce tax receipts. But local economists have ruled out a recession. The stock market surged 8.08 percent by Tuesday afternoon after slumping 40 percent in August. The yield on the country's 30-year global bond fell sharply to 12.5 percent from 15.0 percent at Monday's close. MEXICO CITY, Sept 1 (Reuters) - One thing people hope to hear when President Ernesto Zedillo delivers his State of the Nation speech on Tuesday is how he intends to deal with a mountain of bad bank debt that could throttle economic growth. BOGOTA, Sept 1 (Reuters) - Colombia's peso ended lower against the dollar for the sixth consecutive session Tuesday, despite what traders described as active intervention by the central bank aimed at prying it off the lower end of its exchange rate band. BOGOTA, Sept 1 (Reuters) - Colombian stocks ended lower for the eighth consecutive session Tuesday as Bogota's price index suffered one of its biggest losses of the year, dragged down by a re that plunged more than 22 percent. ETC, ETC, ETC, in the entire region. Ron