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

To: Steve Fancy who wrote (15396)	5/19/1999 12:20:00 PM
From: wl9839	Read Replies (2) \| Respond to of 22640

Steve, What really bothers me is that there is no market commentary to explain this drop. My only guess is that the figures on how much was not collected from retirees as a result of law suits is known and it is ugly. The only other guess is that COPOM is going to do a much smaller than expected rate cut which has leaked to the traders. Other than that who knows? Though I do note that the Merval was also down. WJ P.S. If I'm wrong, May 95's might be a very good educated gamble.