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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (776)	12/16/1998 3:12:00 PM
From: Frederick Langford	Read Replies (1) \| Respond to of 57584

Technically, INVN, an American Company, looks good, Stochastic just crossing: good.http://207.95.154.130/chart/default.asp?w=600&period=60&time=day&chart=bar&chart1=bb&i0=3&i1=4&i2=6&i3=7&s=linear&symbol=invn Fred

To: DebtBomb who wrote (776)	12/16/1998 3:23:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

My "January Effect" LONG portfolio is showing a 3.2 percent gain for today. 5.6 percent gain on the week. Not bad for this week. I will tweak it Friday night. Rande Is

To: DebtBomb who wrote (776)	12/16/1998 3:31:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 57584

This story is beyond shocking. Remember, the Russian default began the last market slide, and guess what, they have another $10 billion due soon, and surprise, these idiots will just print more money!!! Something else you should all know, that is as we GIVE Russia grain, for free, they in turn, are selling Russian grown grain on world markets for cash! Russian parliament passes bill to print rubles 1.41 p.m. ET (1841 GMT) December 16, 1998 MOSCOW — The Russian government won the go-ahead from parliament Wednesday to begin printing $1.2 billion worth of rubles in a bid to help pay the state's crushing debt, but the move could stoke already high inflation. Russia's cash-strapped government needs the extra rubles to pay off workers and pensioners, among others. But with inflation running at around 70 percent this year, the cash injection could push prices even higher. In a bid to cover its huge budget deficit, the government has already printed $648 million worth of rubles since October without waiting for parliament approval. The bill passed unanimously Wednesday by the lower house, the State Duma, allows a total $1.2 billion worth of rubles to be printed in the next two weeks. The bill also requires Russian exporters to repatriate 75 percent of their hard-currency earnings, up from the current 50 percent in a bid to shore up foreign currency reserves. The government meanwhile has drafted a budget for 1999 that assumes foreign lenders will provide new loans which have not been promised and restructure massive amounts of previous debt Russia has failed to pay. Russia defaulted on many of its treasury bonds in August, sending financial markets into a nosedive and prompting foreign lenders to freeze aid to Russia. The country is now mired in its worst economic crisis since the 1991 Soviet collapse. Economics Minister Andrei Shapovalyants, after talks between the World Bank representative in Moscow, expressed hope Russia could receive $3.4 billion in loans from the World Bank next year. But negotiations with foreign creditors over the defaulted treasury bonds snagged when Finance Minister Mikhail Zadornov announced a deal had been reached -- a claim lenders quickly denied. Zadornov claimed an agreement was reached to reissue $10 billion dollars in bonds with maturities of four to five years. Deutsche Bank and Credit Suisse-First Boston, which are leading negotiations with Russia, said they had not agreed to the Russian terms. The sh*t is really gonna fly, soon.