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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?


To: djane who wrote (7585)9/5/1998 10:42:00 PM
From: chirodoc  Respond to of 22640
 
brazil has been on a spending spree for the last 40 years
they have spent so much on pork that they are up to their ears in bacon
yes i have no sympathy for the money lenders, and if you look at the u.s. lenders, they are sucking big time too
brazil has had inept governments and an uneducated voting/labor force for too long
they country had great potential 40 years ago and still has great potential
but, until cardoso their leaders were either fascists or idiots
after this sell-off, i think that brazil and TBH will be a great investment
i sold out because i hate pouring money down a sink hole
as i said, i am looking to buy in the 50-60 range at this point but am in no rush to buy until i see the drop slow down
good luck
curtis