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To: Bucky Katt who wrote (8486)	4/21/2001 8:54:38 PM
From: ~digs	Respond to of 13094

Argentina Woes : Goldman Sachs squawks that financial situation in Argentina could continue to get worse as no US help is expected and Argentine consumer confidence is deteriorating thus threatening a run on the banks. Says that recently appointed Finance Minister Cavallo has not proposed significant spending cuts, thus increasing the default risk, and has also exacerbated fears of a peso devaluation by talking about changing from a 1-to-1 dollar peg to a peg vs a basket of currencies.The LatAm chatter is starting to make it's way around the street, and I'll reiterate that my intention was only to pass along what I was hearing, not talk my position. --Todd Harrison of TheStreet.com

To: Bucky Katt who wrote (8486)	4/22/2001 5:36:36 PM
From: James Strauss	Read Replies (1) \| Respond to of 13094

"It is a developing worldwide event, due to the huge expansion of questionable/easy money loans done over the past decade. Did anyone forget the PGE problems of the past few months? Argentina? Russia? Turkey? And throwing more money at the problem isn't the best answer either, just take a look at the Japanese N225 over the past 11 years, and they have virtually a zero rate of interest, although the real cost is very high, but that is another story...." William: You first mentioned Argentina on March 12th... You were ahead of the curve... : > We have some interesting forces at work in the market... The surprise rate cut signals a warning sign that Alan Greenspan sees something... It may be Argentina and or huge inventory problems that could spell huge writedowns that could spell drastically reduced operating margins that could spell a big round of layoffs to reduce expenses that could spell less money in the hands of consumers that could spell more consumer charge debt, and so on and so on and so on... How's that for a run on sentence? : > I think we are safe to 11000 on the Dow and about 2250 on the Nasdaq... Then comes the moment of truth... Will there be any visibility in the sector by sector revenue and earnings numbers to power the indexes higher or will there be a realization that the "Over The Hill Gang (The FED), is a day late and a 1/2% cut short... Tune in next week for the ongoing saga of "Alan, What Have You Wrought?" or "What will Wrong way Wayne Angell say next?" : > Jim