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To: DAY TRADER who wrote (34985)1/14/1999 7:57:00 PM
From: Mandinga  Respond to of 164684
 
I can give you a list of countries that made the same announcement and the market made them do it.

This is just not going away by making simple statements like that, they need to back up statements with SOLID fiscal measures (haven't seen any of that yet).



To: DAY TRADER who wrote (34985)1/14/1999 8:18:00 PM
From: Circle  Respond to of 164684
 
>>Brazil decided not to float the currency,

market should rebound nicely tomorrow<<

Did you learn macro at the Camdessus School of Economics?

They are going to have float eventually. The only positive would be if they ended the bleeding and uncertainty by getting it over with.



To: DAY TRADER who wrote (34985)1/14/1999 9:13:00 PM
From: H James Morris  Respond to of 164684
 
>>market should rebound nicely tomorrow<<
That's what you said, yesterday!



To: DAY TRADER who wrote (34985)1/14/1999 10:55:00 PM
From: IceShark  Respond to of 164684
 
Brazil decided not to float the currency,

market should rebound nicely tomorrow


Yeah, right. That is the same thing the Ruskies said. Want to buy some Barny Rubles? -g-



To: DAY TRADER who wrote (34985)1/15/1999 8:05:00 AM
From: Ritz  Respond to of 164684
 
DT:

Re: "Brazil decided not to float the currency"

News flash, they just changed their minds...:P

-Ritz

PS. There's an old old saying....."He lied like a finance minister on the eve of a devaluation!" LOL