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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (65837)	10/14/1999 10:00:00 PM
From: stan s.	Respond to of 90042

HK stocks seen tumbling on Greenspan comments HONG KONG, Oct 15 (Reuters) - Hong Kong stocks are expected to fall on Friday after remarks by Federal Reserve Chairman Alan Greenspan triggered concerns about a correction in U.S. stocks and a surge in U.S. long bond yields. While emphasizing he was not predicting a stocks crash, Greenspan told a banking-related conference late on Thursday that sudden losses in investors' confidence ''will inevitable emerge from time to time'' and said financial institutions should boost reserves to take account of that possibility. ''The market should open down due to Greenspan's remarks, which came after the New York market closed and has pushed the S&P futures down,'' said Alex Wong, research manager at OSK Asia Securities. A surge in long bond yields overnight also rekindled fears about a possible interest rate rise, he added. December S&P 500 stock futures were down 10 points at 1,280 at 0124 GMT after hitting a low of 1,271.30 earlier. The 30-year U.S. Treasury bond was off on Thursday, yielding 6.32 percent, the highest level since October 1997. Wong said the Hang Seng Index (^HSI - news) could fall to 12,300 points with a strong support at 12,200, Wong said. The blue chip index closed up 10.95 points or 0.09 percent at 12,486.82 on Thursday.

To: Tim Luke who wrote (65837)	10/14/1999 10:16:00 PM
From: Tim Luke	Read Replies (2) \| Respond to of 90042

very off topic: i admit i was very naive to what really went on at WACO...from the spin the press put on it there was reported child abuse..and they were stock piling weapons.....until i rented a vide called Waco:The rules of engagement....i must say it takes a lot to shock me but this documentary left me sick to my stomach for what our government did to these people...i suggest everyone go out and rent this and just remember it can happen to any of us....the texas ranger even stated in his opinion they were murdered...he never heard of any child abuse and these people never bothered anybody....warning! there are some very graphic things in this video but the one that stands out in my mind was the 7 year old girl who after being gas by the fbi/atf her muscles severely contracted so hard that it broke her bones and bent her backwards in half...this is the way she died and was found.