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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Vitas who wrote (9372)	3/29/1999 7:34:00 AM
From: theRedDog	Read Replies (1) \| Respond to of 99985

A little bit of bull:(ish news) Brazil sensing economic recovery RIO DE JANEIRO, Brazil (AP) - In just two months, economic panic has given way to euphoria in Brazil as a flurry of good news has people believing the worst is over. Stock markets are surging, the currency is stronger, inflation is lessening and investors are slowly returning. The crisis may not be over, but there's a growing sense that Latin America's largest economy is recovering. Merrill Lynch agrees. The U.S. investment bank picked Brazil as its favorite Latin American equity market for the second quarter. It's a dramatic change from a month ago. Brazil's currency, the real, was in free fall, investors scurried to pull their money from banks, and President Fernando Henrique Cardoso went on national TV to plead for calm. See full story: infobeat.com