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To: John Pitera who wrote (53324)	7/27/1999 1:15:00 PM
From: pater tenebrarum	Read Replies (2) of 86076

i just looked at the asset allocation models of european institutions...they are all very heavily overweight U.S. equities, over 50% on average in fact. this means they must have moved a lot of dough into the U.S. market in the course of this year. in the past they have shown a tendency to be late to the party; right now i expect these guys to eye the dollar with great trepidation.... hb

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