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Technology Stocks : Apple Inc.

AAPL 275.30

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Nov 11 3:59 PM EST

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To: Phillip C. Lee who wrote (17372)	8/28/1998 10:43:00 AM
From: Richard Habib	Read Replies (3) of 213173

Sure Phillip where do you want me to start. Let's see Russia. Russia is facing an economic situation that hasn't been seen in an industrial country since the depression or the aftermath of WWII. In the last week 10's of thousands of Russians have lost they're life savings. How do you think they feel about that?? What would you do if you woke up one day and your savings had disappeared? What will happen politically? NO one knows yet. Your fatuous remark that the IMF will bail them out is silly. They've gone far beyond that point. How about commodities prices. Haven't seen this kind of across the board deflation in our lifetimes. Ever occur to you that most 3rd world countries are net sellers of commodities? What happens when countries that depend on commodity prices lose a significant percentage of they're GDP? No telling yet although I would guarantee they buy fewer US goods. How about currencies. Japan is at a 12 year low. Other countries in Asia have the potential to reach those sorts of decade lows. What do you suppose they're reaction is when all that wealth disappears. Last year I spent 6 months in Malaysia. You think they just say - well that's capitalism, risk and reward. Nope. The overwelming sentiment in the papers and by the elites was to blame it on US speculators. Did you notice last night that Malaysia reported considering capital controls?? How about HK authorities buying heavily into the market. Does that sound like sound free market capitalism or perhaps the beginning of a role back of free market sentiment in favor of government managed economies. Want me to go on. Rich

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