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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (2562)1/16/1999 1:52:00 PM
From: Giordano Bruno  Respond to of 3339
 
Bloomberg estimates Brazilian debt @ 275 billion denominated in foreign currency. The real's decline prompted S&P to change to a " negative " outlook for 7 international banks .



To: Roger A. Babb who wrote (2562)1/16/1999 3:59:00 PM
From: sergio  Read Replies (1) | Respond to of 3339
 
When BOE Bank of England cut interest rate again a week ago or so,
I didn't think it was positive to the market either. Cut interest
rate when economy at just right condition, foretells me there are
deeper problems we are not all privy to.

sergio



To: Roger A. Babb who wrote (2562)1/16/1999 10:19:00 PM
From: Moominoid  Respond to of 3339
 
The Brazil market went up as measured in real simply because the real is worth less

It went up more than the devaluation. You'd also have to assume that the price is set by foreign demand for Brazilian stocks alone for what you say to be the case.

David


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