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>Michael Paauwe,
>
>Don't own internet or trade stocks or arbitrage 3rd world indexes in
>Venezuela or Russia - sorry, been there, got the T shirt, only interested
in
>the floor and when the cavalry arrive. Oh look the horses are saddling
up -
>
>
>>At 06:02 PM 8/27/98 +0100, you wrote:
>>>Anyone who's worked in Russia will appreciate that they would prefer to
>get
>>>by without the Rouble - the parallel economy has existed in US$ for
years.
>>
>>>The R stockmarket is smaller than a tiddler - who cares other than the
>>>Russians if it tanks?
>>
>>Like the recent 'MYTH exposed' myths.
>>
>>George Soros, Germans investors and banks, all of Eastern Europe, the IMF
>>( which is precariously low on money ) and the US government, the lender
of
>>last resort, as well as those lucky people that fund the IMF - the
>taxpayers.
>>
>>Oh, and I almost forgot,... TRADERS looking for trends, correlations and
>>influences between markets, looking for low risk trades, that's where the
>>thread was going, in case you missed the earlier part.
>>
>>>Other than shareholders who cares if irresponsible lending by US and
>German
>>>Banks gives up billions ?
>>
>>People holding securities and other assets denominated in the currencies
of
>>places like Venezuela, Brazil, Mexico and other Latin American countries
>and
>>Asia. The point is there is a global linkage and a chain reaction that
>>extends far outside Russia across the globe, even though its economy and
>>stock market by itself may be relatively small. Those that don't care will
>>likely get side-swiped by failing to pay attention to the
>>inter-relationships, is the point.
>>
>>>So Russia dumps oil - what does that do for the oil price and the us
>>>stockmarket?
>>
>>Drops the share price of the big US multinational oil giants. A couple of
>>them are Dow components and when they drop, the Dow drops. Like today for
>>instance.
>>
>>>All this panic - tell me there is civil war or that the communists have
>>>plans to launch a few missiles - tell me anything that might just
influenc
>e
>>>the rest of the world for longer than a nano second-
>>
>>No panic, it's just there's money at stake. If their society breaks down
>due
>>to a complete economic collapse and that leads to civil unrest, that
>affects
>>world stability, which might affect gold and the stock market is all.
>>
>>Anyone with money on the line should be paying attention for more than one
>>nano second or they will lose, sure as night follows day. Look at the
>NASDAQ
>>today, right now it's off 75 points! Transports are off 107 points.
Several
>>hundred BILLION of wealth has been wiped out TODAY in the USA.
>>
>>Don't need a civil war or communist missiles to lose your shirt, is all.
>>
>>Before you do anything else, first blink, make sure you are awake, then
>open
>>your eyes and then check the stock ticker. How about your favorite
>internet
>>stock? Darling Cisco is off 3.5% today so far and darling Amazon is off 6%
>>so far. It will take only a YEAR to earn that back in a T Bond, so why
>>worry, right? L
>>
>>ike I say, if your not long AND you're not short, don't be distracted for
>>more than a nano second.
>>
>>But if you are a trader, you better pay attention or you'll be yesterday's
>>breakfast for someone else who IS paying attention.
>>
>>Best thing about the markets: in the land of the blind, one eye is king.
>>
>>best regards,
>>
>>
>>
>>Michael Paauwe
>>mpaauwe@xxxxxxxxxx
>>
>
>
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