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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Henry Volquardsen who wrote (71)	5/8/1998 9:14:00 AM
From: Chip McVickar	Read Replies (1) of 3536

Henry I was not expecting that much lower....4.3 hmmmmmmmm Markets going to test 8900 today Maybe 8750 next week If the market comes down to 8750 The Feb may not have to take it up ¬ on the 19th....50/50 Have to take into effect the unseasonably warm weather....building season has started earlier and Asian flood has not yet materialized. But the Fed doesn't want a higher dollar....real quandry. Japan is also coughing-up bad debt and has not gotten rid of the flue. Looking back I think the Sony Chairman's comments be prove to be percipient. Japan is going to have a hard time over the next few years. One might be able to short the bonds and the markets here comfortably for a week or 2..? Chip Chip

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