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To: GST who wrote (70718)7/29/1999 7:00:00 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 164684
 
From a media coverage perspective, this is the absolute worst of all possible tragedies. You've got gun violence AND turbulent financial markets that are going to be discussed AD NAUSEUM on every talk show etc. for the next 3 weeks or so. Ugh.



To: GST who wrote (70718)7/29/1999 7:04:00 PM
From: KeepItSimple  Read Replies (1) | Respond to of 164684
 
> the day trading mentality has sucked in the masses,

I travel all the time, and every airport bar I've sat in over the last 12 months has had at least one person within earshot of me discussing internet stocks. Last months newsweek cover stated: "Everybody's getting rich, but me!!!"

I tend to agree, I think this will mark the final unraveling of the biggest financial mania in recorded history. Sad, but true.



To: GST who wrote (70718)7/29/1999 9:16:00 PM
From: Glenn D. Rudolph  Read Replies (3) | Respond to of 164684
 
Who knows what drove
this man to such cold-blooded and insane violence -- but for now, it is etched in
everybody's mind -- 'oh god, what is happening to us?'


The actions of this man today are not a lot different than those of the mass killing in the high schools. The azrticle I read indicated the cause was money loss. The last I heard this man was not found. I would suspect this man has problems that are not money related. He chose to kill others but not himself too. That is not typical of a depressed person. It is the opposite. This is not my area of expertise to say the least.

Its over Glenn -- IMHO. Its over.

The economy in this country is really very good. I really doubt this is over. It is just beginning in my mind. The plus side for me is the market is not my main source of income. My business is.

Glenn



To: GST who wrote (70718)7/30/1999 1:17:00 PM
From: Robert Rose  Read Replies (1) | Respond to of 164684
 
gst, now it's really over. See this:

-----------------

Friday July 30, 12:50 pm Eastern Time
(Note: this article is ''in progress''; there will likely be an update soon.)

Dollar wilts in US as mkt nervous about capital flows

NEW YORK, July 30 (Reuters) - The dollar wilted against the Japanese yen and barely held its ground against the euro in
morning U.S. trade on Friday as dealers said the economic tide appears to be turning against the United States.

''There is a concern that capital flows into the United States are going to be somewhat suspect going forward,'' Citibank
strategist Bob Sinche said, explaining that an uptick in U.S. inflationary pressures may force the Federal Reserve to tighten
rates again which would dent asset prices more.

In turn, investors may stop funneling money into the U.S. at time capital is needed to cover the current account deficit.

New economic data, like a regional manufacturing report from the Chicago area and June consumer income and spending data, on Friday underscored the
picture of a strong economy struggling with a tight labor market and rising wages.

June personal income jumped a stronger than expected 0.7 percent, while spending rose 0.3 percent and the savings rate fell 1 percent. The Chicagoland
Business Barometer rose to a seasonally adjusted 60.5 in July from 60.0 in June, again marking a stronger than expected rise.

On Thursday, a 1.1 percent jump in second quarter employment costs pummeled Wall Street. Sales continued Friday.

Although the Dow Jones industrial average was off only about 55 points at noon after Thursday's 180 point loss, dealers said the selling weighed on the dollar all
the same.

The dollar smashed through Thursday's 114.89 yen trough to hit a new five-month low of 114.62 -- barely above crucial support at 114.50/55 yen -- a 61.8
percent Fibonacci retracement of the entire rally from the year's lows near 108 to the highs near 125.

Dealers ignored news that Japan had posted record high June unemployment at 4.9 percent and a fall in wage-earner spending and preferred to eye stimulus
measures which may boost growth.

''The Japanese have been busy talking about fiscal stimulus measures and there may be some sense that there is real change under way in Japan,'' a dealer said.

At noon, dollar/yen stood at 114.82/92, down from 115.12/22 at the start. Meanwhile, euro/dollar stood at $1.0690/97, nearly unchanged from $1.0691/96 at
the start.

Dealers said the euro's gains may have been capped by strong euro/yen selling, leaving the pair near 122.60 after midday and off the 123.24 level seen this
morning.

As the dollar has now lost about 2 percent in value against the yen since Monday, fears of possible intervention heated up.