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To: muleskinner who wrote (18807)10/23/1997 3:56:00 AM
From: Andie Wei-Ku Lin  Respond to of 61433
 
The FTSE-100 opens down over 3.3% this morning, in the
aftermath of the Hong Kong debacle...the Hang Seng Index
was down as much as 14+%, before recovering a bit to close
down 9.35%.

Think about the magnitude of such a decline on the US
markets. Given the volatility of late and sensitivity to
bad news, such a sell-off in the US would be quite large.
Imagine being down over 800 points on the DJIA.

In any case...let's see how the European markets move before
the US open, and see if the future don't recover...have fallen
over 12 points from yesterday's close.