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

To: James C. Mc Gowan who wrote (9608)	11/11/1998 4:36:00 PM
From: posjim	Respond to of 22640

I am betting that they work it out..step on toes..horse trade..shotguns to head..ect..I do not think the IMF deal is any trouble...my guess, we hear about the deal tomorrow and it is bigger than expected..unless, we bomb Iraq..then, I bet they wait for headline grabbing time! Still think we see 100 before Xmas and then all bets are off for the first quarter. IMO..and I can change on a dime because, it is, Brazil :)

To: James C. Mc Gowan who wrote (9608)	11/11/1998 6:07:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Welcome James. Does not appear the funding package is reliant on any further immediate steps from Brazil. I expect the announcement this week, or watch out below. I'm waiting know for interest rate news which should come anytime now...looking for a 5-8% drop. It occurred to me yesterday they may want to tie any rate cut in with the IMF announcement if possible. It does stike me as odd that the money may just be handed over. Maybe we'll see 10 lawmaker show up once this loan is secured. I hope they don't take the attitude that they're over the hump. After any initial rally we may experience, Bovespa will likely largely track fiscal package progress in Congress. Without near immediate results their markets will likely trend downward with increasing vengence as time rots away. I do think Brazil will somehow continue to bumble along and eventually get through this, but it may be slow going. regards, sf