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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: stock bull who wrote (803)	9/7/1998 3:35:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Stock Bull: Re: "In fact, I heard this morning that the head of the Russian central bank quit the job, and the Duma, once again, rejected Viktor Chernomyrdin. One more vote coming up and, if he's rejected once again, the Duma is dissolved. Back to square one." I am impressed that so far the governmental process as defined by the Russians is going pretty much as designed. Looking at the bright side, the Duma communists have not tried a coup. How is that for positive spin? But I remember back in April, Kiriyenko did not get the nod until the third vote and nobody cared back then. But times have changed with the currency crisis. The best scenario is the view that the communists and others are holding out to the last minute for the best available deal before giving Chernomyrdin the nod. That is just the way negotiations work most times. Remember, if Chernomyrdin goes, so does the Duma. And I have never known too many politicians who are dead set on voting themselves out of a job let alone one of the few remaining jobs where the worker actually gets paid <G>. Moreover, it is my understanding that dissolving the Duma would enable Yeltsin to appoint the prime minister of his choice, meaning Chernomyrdin could just take office anyway. The government would then have no need for the Duma's approval for passing legislation. I have just made the best case scenario for investors. With all that said, the situation is highly fluid and I am not placing any bets. Next vote is on September 14th. I think we rally tomorrow here in the US on Greenspan's speech. Part of it will be short covering. Who would want to short Greenspan? Whether the rally has legs depends on what the news cycle brings.

To: stock bull who wrote (803)	9/8/1998 9:39:00 AM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

Stock Bull Just back from a long weekend & still reading the many Brinker thread posts. Was only able to hear the 1st 2 hours of Bob's radio shows. I for one was glad to hear Bob dwell on Greenspan comments. I was even more gratified to hear that Greenshades "took my advice" & spoke up. I was hoping/begging for him to do so -including his hint about - as Bob put it "opening the door to a possible rate cut). I think the Dr. was overdue in speaking out to try to calm the worried market. Since he feels free to speak up when the market runs up, I think he should be heard from when the market is free-falling. I think his affect on the situation will not be insignificant - especially reminding investors of the strength of the U.S. economy. Relative to the Russian situation, I continue to be worried - especially in light of Yeltsin's silence on re-nomination of his Prime Minister. Let's hope he does not have to disolve the Russian lower House. Wally