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To: Chuzzlewit who wrote (89084)	1/13/1999 4:34:00 PM
From: Kayaker	Read Replies (1) \| Respond to of 176387

Chuzz, seems to me that sentiment for tech and internet stocks is so positive that any drop, for whatever reason, is seen as a buying opportunity. I think if the market was currently bearish on techs, we would have had a meltdown today. But then, sentiment can change pretty quickly. Brazil by itself is one thing, but as I understand it, as goes Brazil, so goes the rest of Latin America.

To: Chuzzlewit who wrote (89084)	1/13/1999 4:34:00 PM
From: Rich Young	Read Replies (1) \| Respond to of 176387

Everyone needs to read this article. Do not let the headline fool you. Read all the way to the bottom. Fed may have to ease if Brazil infects world mkts biz.yahoo.com

To: Chuzzlewit who wrote (89084)	1/13/1999 4:55:00 PM
From: jim kelley	Read Replies (1) \| Respond to of 176387

CTC, I imagine that the US loans to SA are dollar denominated. Thus a devaluation of the currency would possibly make it more difficult to make the payments. The possibility of a default may be higher. However, it does make the country and its products more competitive worldwide and may result in stimulating local industry. It might also attract foreign capital if the capitalists believe that this is the last devaluation. All in all it seems like a tricky proposition for these countries to devalue their currency. The solution seems to lie in agreements among the trading nations and the banks. They all need to get on the same page to make this work. JK