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To: long-gone who wrote (56982)	8/3/2000 4:25:39 PM
From: Rarebird	Read Replies (3) \| Respond to of 116958

<So, what do you figure?> I see the dollar index at 110.80 and an XAU on the verge of hitting new lows. If the rest of the world is going to continue buy dollars, then it won't matter who becomes President. What makes you think Bush wouldn't continue to support a strong dollar? The gap at 3580 on the COMP has been closed... The technicals were all pushing for this vacuum to be filled...Today's downslide seemed troubling to some, however it may actually be a benefit.... Richard, NOW MAY BE A GOLDEN OPPORTUNITY TO LOAD UP ON TECH STOCKS due to the unlikelihood of NASDAQ falling below 3500....ESPECIALLY AFTER THE RECENT BEATING.... The future of the World, Richard, lies in technology, not gold. Gold is insurance, a hedge against a falling dollar. Technology represents Progress, Productivity, Growth, Art, Communication across many channels in a matter of seconds. It is not infallible; but it brings Awe and Wonder to human existence. Shield of necessity, Supreme Luminary of Being, which no desire attains, which no negation sullies, I say Yes to You, Yes to You for all of eternity, for I Love you, OH Technology!

To: long-gone who wrote (56982)	8/3/2000 4:52:44 PM
From: lorne	Read Replies (1) \| Respond to of 116958

Richard. >> everyone always said he would do anything to keep the market up until gore wins. << Maybe he could try this. :-) Taiwan Government Funds Spend 10.8 Billion US Dlrs to Back Bourse TAIPEI, Aug 3 (AFP) - The four major government-linked funds spent 335.7 billion Taiwan dollars (10.8 billion US) to prop up share prices dragged down by political concerns, a report said Thursday. The amount accounted for nearly 80 percent of a combined 422.5 billion dollars allowed for equity investment from the postal savings deposits fund, labour insurance fund, labour pension fund, and civil service pension fund, the China Times Express said. Officials ordered the four funds to support the market as the exchange has plummeted 22.5 percent to 7,844.93 points Thursday, down from this year's highest level of 10,127.48 points on April 10. The bourse was hit by uncertainties in the new administration's economic and financial policies and by concerns over relations with China after President Chen Shui-bian from the pro-independence Democratic Progressive Party took office on May 20. The 2.6-trillion-dollar postal savings fund had invested 116.5 billion dollars in the stock market as of Wednesday from around 150 billion dollars, or six percent permitted for equity investment, according to the paper. The 450.5-billion-dollar labour insurance fund and the 203.6-billion-dollar labour pension fund, each allowed to invest up to 30 percent in the stock market, had funnelled 89.8 billion dollars and 59 billion dollars respectively into the bourse, the paper said. The 155 billion dollar civil service pension fund has invested 70.4 billion dollars in equities as of Wednesday, it said. chinatimes.com.tw