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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?


To: clochard who wrote (742)1/19/1999 7:40:00 PM
From: Eric Klein  Read Replies (1) | Respond to of 3543
 
It's funny. The real declines 40%, the market goes up 40%, but stock prices are in reals, it looks like a wash to me, but everyone trumpets it as a big gain.

If I was in Brazil, and I had the choice of holding on to reals, or buying shares in companies, guess what? I'd buy the shares. At the end of the day I'd at least own a part of something rather than a bunch of worthless paper, which is what the real may soon be.