Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Telemarker who wrote (12027)	1/20/1999 11:01:00 AM
From: Steve Fancy	Respond to of 22640

Forex posts a US$297m deficit on Tuesday São Paulo, 19 - Financial inflow in the commercial dollar segment on Tuesday reached US$233.843m, below outflow which stood at US$492.135m. In the trade account, exports reached US$149.356m, the best result since the real's devaluation, against imports of US$188.082m. With the figures, the segment has accumulated a net deficit in the month of US$4.731bn. (By Mário Rocha)

To: Telemarker who wrote (12027)	1/20/1999 11:02:00 AM
From: Steve Fancy	Respond to of 22640

Markets' sentiment positive on Congress vote After the approval in Senate on Tuesday of the Temporary Tax on Financial Transactions (CPMF), domestic equity markets will be closely watching the developments of the Welfare amendment voting in Congress today, which is also being considered a key measure in the country's fiscal adjustment program (PEF). Although the amendment should be only voted after the closing of the market (3 p.m. EST), investors will have a hint as the vote on the urgency request for the project -- designed to create a Welfare contribution for retired servants and raising the contribution charged from active servants -- should begin at 1 p.m. EST. Market participants will be also following developments such as quorum, as well as leaders' official statements. Although sentiment is positive, the governments' failure in the Welfare last December for the fourth time in the last four years lead analysts to believe that volume should be low, while expectations high.

To: Telemarker who wrote (12027)	1/20/1999 11:05:00 AM
From: Steve Fancy	Respond to of 22640

No opinion. 50/50. I'd like to think it's gonna fly through. Seems we're overdue for a disappointment though. I'm watching close. If it starts dropping fast I will immediately buy puts. If no word by end of day, I will likely buy puts for overnight depending on the news between now and then. Unfortunately my Reuters feed still appears to be down. As always, appreciate all help staying on top of the news. In that we're down to Q&A, looks like Greenspan isn't going to tank the market? sf