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To: H James Morris who wrote (62239)	6/13/1999 10:31:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

James, Are you sure the elephants are leaving? Not just taking a summer break? Glenn

To: H James Morris who wrote (62239)	6/13/1999 10:36:00 PM
From: Mike M	Read Replies (1) \| Respond to of 164684

The elephants are leaving. The real skill in investing is knowing where they're going next. That, is my next dilemma. When you figure that one out H James, let me know.

To: H James Morris who wrote (62239)	6/13/1999 11:14:00 PM
From: GST	Respond to of 164684

James -- they were trying to stampede into Japan this morning but the MOF got out a chair, a whip, a bazooka, some flare guns and an assortment of cannons and openned fire. The elephants retreated and are eyeing their new-found object of affection. My contact on the yen in Tokyo told me the dollar/yen would trade 120 to 125 for the next year -- and trust me on this James, he is the man to know. I pressed him repeatedly on 'why' this would be so. He said, quite simply, that is what the Japanese government wants and they will do everything they can to get it -- and still the elephants are stamping their feet. We will see who wins this battle, but the first serious skirmish was this morning in Tokyo.