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To: bill meehan who wrote (53565)	7/28/1999 4:28:00 PM
From: Tim McCormick	Read Replies (1) \| Respond to of 86076

DJ News says that the sanctions on CSFB in Japan will be announced tonight-stay tuned. Tim

To: bill meehan who wrote (53565)	7/28/1999 4:41:00 PM
From: John Pitera	Read Replies (3) \| Respond to of 86076

Bill, I notice that 2.80 premium on the spoos is almost identical to yesterday. Today's trading looks like a fractal duplicate of yesterday. This rally off of Monday's lows is a textbook a-b-c correction it appears. The USD and the bonds look like they can both weaken and conspire to pull the rug out under it. I see major currency and bond market volatility(possibly foreign bond mkts) occurring over the next 24-48 hours. I would not even rule out a Yuan devaluation. A great night to be long vollies on currency option plays. -ng- John