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To: Jeffery E. Forrest who wrote (7497)10/24/1997 1:11:00 PM
From: Dwight E. Karlsen  Respond to of 22053
 
*OT* U.S. stocks to grow in 1998 despite Asia - Cohen

biz.yahoo.com

NEW YORK, Oct 24 (Reuters) - The U.S. economic and profit outlook remains solid and the consequences of slower Asian growth will likely have only a mild impact long term in the United States, said Abby Joseph Cohen, co-chair of investment policy committee at Goldman Sachs & Co.

The well-respected Wall Street guru made her comments today, following yesterday's turmoil in global stock markets, triggered by a 10 percent plunge in Hong Kong shares.

''We continue to expect the U.S. equity market to rise in price and have made no change to our 12-month target of 1050 (for S&P500 index),'' Cohen said in a report.

At midday Friday, the S&P index was off 9.16 points, or 0.96 persent, at 941.53 points.

''Preliminary results for the third quarter suggest that our $47.00 estimate for S&P 500 operating earnings this year is on track,'' Cohen said.

''We project $51.00 in 1998,'' she added.



To: Jeffery E. Forrest who wrote (7497)10/24/1997 1:35:00 PM
From: Scrapps  Respond to of 22053
 
With polka music coming from behind him....

the little man yells: "Da plane...da plane!!"

And the tall man near by says: "yes Tato...Dr.Kavorkian has arrived here in Hong Kong to help out....now don't stand under those windows!!"



To: Jeffery E. Forrest who wrote (7497)10/24/1997 3:35:00 PM
From: Scrapps  Read Replies (1) | Respond to of 22053
 
Five drown hunting car keys in well
AMMAN (Reuters) - Five men drowned in northern Jordan Thursday after one of them jumped into a well to recover his car keys and the rest plunged in one after the other to try to save him, the official Petra news agency reported.

It said the first man dropped his keys into the stone well, dived in to get them back, but rapidly lost consciousness.

"The other tried to save him, then the third and the fourth and the fifth," the agency said. They were taken to hospital in Deir Abi Saeed, near the northern city of Irbid, but all died.

A sixth man who jumped in the well survived, Petra said.

He must have made a raft out floatin, bloatin fools! Or the well was clogged.