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Strategies & Market Trends : Tech Stock Options

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To: Philipp who wrote (52971)	9/17/1998 10:23:00 AM
From: B.REVERE	Read Replies (5) of 58727

This market is down for one reason only. The IMF refunding is in jeopardy from Congress. Anyone who watched the banking committee working over Gman and Rubin realize that Congress is currently opposed to the refunding. This has serious global implications esp. to L/A. where US banks have a 28 billion exposure. The public sees how animated the committe was on getting a new reason to throw good money after bad and the three blind mice came up empty. The world watched and saw that the goose that lays the golden eggs may go on strike and acted accordingly. Anyone here agree. CNBC has completely skirted the issue to avoid a very panic in the market. Later, BR

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