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To: Iceberg who wrote (1214)	9/4/1997 2:56:00 PM
From: Gottfried	of 1894

Ice, re Asian money: the WSJ is a little late coming to the same conclusion I did...excerpt... Asian Woes Could Help U.S. Stock Performance By E.S. BROWNING and SARA WEBB Staff Reporters of THE WALL STREET JOURNAL U.S. stocks may sometimes feel tremors, as they did briefly last week, from market turmoil in Southeast Asia. But international stock strategists say U.S. markets actually could gain more than they lose from the Asian upheaval. Some big U.S. multinationals that sell products and services in the region likely will take some form of sales and profit hit, even if it is minor; stock analysts mention Coca-Cola, General Electric, Caterpillar and Citicorp. Perhaps more important, if Asian financial jitters keep foreign currencies weak, U.S. multinationals with significant sales in foreign currencies could see their profits suffer when translated into dollars. But here's the flip side: Companies that buy goods or parts assembled in Southeast Asia, such as Compaq Computer and Wal-Mart Stores, will also pay lower prices as a result. What's more, U.S. stocks and bonds could also benefit from an influx of flight capital from Asia. "Money going out of these Asian portfolios and looking for a safe haven will go into the U.S. market," says Robert Hormats, vice chairman of Goldman Sachs International. He says he already is seeing signs of such a money flow. <SNIP>

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