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To: Chuzzlewit who wrote (89070)1/13/1999 3:51:00 PM
From: freeus  Read Replies (1) | Respond to of 176387
 
Ouch!
Freeus



To: Chuzzlewit who wrote (89070)1/13/1999 4:03:00 PM
From: jim kelley  Read Replies (1) | Respond to of 176387
 
CTC,

While Brazil may be the 8th largest economy, it still is not anything close to Japan in size and importance. So I would not want to have its importance overemphasized. I suspect this matter is being discussed by Greenspan and Rubins as well as the Europeans and Japan. Let us see what they intend to do before pulling the plug on any positions.



To: Chuzzlewit who wrote (89070)1/13/1999 7:27:00 PM
From: jhg_in_kc  Read Replies (1) | Respond to of 176387
 
Being all too aware of what I went thru last August and October, I sold enough of my AOL and Dell to eliminate my margin debt. Also took profits in SUNW, TLAB. I bought a little ASND though. I do not owe my broker a red cent now and have a supply of cash. I hate to pay short term capital gains but this Brazil business makes me very nervous. It appears to me the big boys sold at the open, let the public come back in and drive prices up, then sold again. I hope nothing comes of this Brazil fiasco but...I feel safer with no debts. I can always hop back on the train several points higher but if the market tanks I have protected myself. What we need to watch out for is the words "seizing up" and "risk aversion" in the credit markets. The last time I heard these words was when the Dow was at 7400; I saw a report today where an anylast was worrying about this "risk aversion" trouble affecting the US market again and all of Latin America going into recession. I am sick of volatility and in the back of my mind I still remembver Yardeni predicting a crash in 1999 (of corse he has become something of a year 2k nut of late)
any thougts, one and all?
jhg