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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (7298)	7/30/1999 6:57:00 AM
From: Boca_PETE	Read Replies (2) \| Respond to of 15132

On Cnnfn this morning in an interview with Deborah Marchini, Bill Meehan (Cantor Fitzgerald) states that the S&P500 is vulnerable at any time in here to a MAJOR pullback he defines as 30% - 50% which would take out last year's lows. He sees a weakening dollar and foreigners withdrawing investments from the U.S. equities market. He notes record valuations despite back-up in interest rates here (sounds familiar - he must listen to Moneytalk). P

To: Justa Werkenstiff who wrote (7298)	7/30/1999 11:15:00 AM
From: Lars	Respond to of 15132

Justa, >>> Japan joblessness jumps to record, spending down By William Mallard TOKYO, July 30 (Reuters) - Japan reported record high June unemployment of 4.9 percent and a fall in wage-earner spending on Friday, dampening cheer from a surge in industrial output reported one day earlier. >>> Interesting. I think people have the Asia thing all wrong. This latest bad news in Japan is nothing compared to what is going to happen. Yeah, the worst is over in Asia but they have a LONG time ahead of them to recover. I predict that in the near future Japan and China will go into a severe downward spiral. The details on the countries are not good at all. I don't trust anything I hear in the press about a recovery. Time will tell.