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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Tito L. Nisperos Jr. who wrote (9739)	10/27/1997 1:19:00 PM
From: Kumar Nathan	Read Replies (2) \| Respond to of 70976

Tito: I am looking at NAZ dropping 64 points. This is one hell of a drop to handle. But I believe it is not yet over. It is the ripple effect from all the angles. We all tend to forget the effect of derivative market. Derivatives are tightly intertwained to foreign currency US Stock etc., Derivatives valuation one month ago was close to $1 Trillion. If that start to react and adjust to the current scenerio, then we will see a huge drop further. IMO we are begginning to see such effect now. When DOW dropped more than 100 points for the previous two sessions. Then people will run for cover. On Friday it bounced a bit and then dropped more . That is a dangerous signal. Remember Bears are right once in, may be, 12 years and they will rule for one week. But during that period they will make their killing. I am looking at Dow it drops 242 points. This fall needs Rubins attention. Rubin cannot say he will not bail them out. Clinton administration has to do something on this or else the whole hell will fall loose. Regards Kumar