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To: Jim McMannis who wrote (37881)10/27/1997 8:35:00 PM
From: vinod Khurana  Read Replies (1) | Respond to of 186894
 
Japan, Australian markets down
Stock markets in Japan and Australia
opened lower on Tuesday in continuation
of the U.S. sell-off. The Australian stock
market suffered its worst opening plunge
since the 1987 crash, diving as much as 9.2
percent. Japan's Nikkei average was off
more than 1.5 percent.



To: Jim McMannis who wrote (37881)10/27/1997 8:47:00 PM
From: Paul Fiondella  Respond to of 186894
 
Trading curbs didn't work

They also will not work tomorrow. The bulls and all of those Wall Street insiders are going to take a real sober look at the carnage in Asia tonight and then reconsider their positions and sell. They'll tell themselves its only temporary.

So we hit 50 immediately. Then comes 350 by 10:15 and what do the bureacrats do!

Shut it down and prolong the agony. Tomorrow may be one of the shortest stock market sessions on record.

The market today was steady down and then when they shut it down the first time it dropped off a cliff. Take a look at the chart for MSFT!!

I wonder if the bureacrats have considered this scenario as they preech normalcy.