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Strategies & Market Trends : Investment in Russia and Eastern Europe -- Ignore unavailable to you. Want to Upgrade?

To: P.T.Burnem who wrote (668)	9/15/1998 3:42:00 PM
From: Real Man	Read Replies (1) \| Respond to of 1301

Yep, whatever, there is a sense of political stability. Russia has yet to default on some 140 bln in foreign loans. This will do a lot of harm in Europe and the US (banks). Latin America was next in the crashing line... As for Russian stocks - they are so cheap, you have to count on the nationalization of some sort as a bear (or take that risk as a bull).

To: P.T.Burnem who wrote (668)	9/15/1998 4:20:00 PM
From: Rob Shilling	Read Replies (1) \| Respond to of 1301

<<P.S. Those who believe that Primakov will dispossess the native oligarchy before he robs foreign investors are fooling themselves>>. The oligarchy has already been partially dispossessed by themselves. They chose not to reinvest in the Russian economy and instead to reinvest in Swiss bank accounts. So that was a capital allocation problem. Also, most of the banks that the oligarchs own are in trouble thanks to taking on too much risk. In a capitalist system, if you do not allocate your capital correctly, you can lose a lot of money. That is what Russia and the oligarchs have experienced. The market has spoken. Vi, I agree, Russian stocks are super cheap. The only bear scenario left is re-nationalization. I for one, took the risk and have bought ROS and LUKOY