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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Narotham Reddy who wrote (14023)	11/12/1997 11:58:00 AM
From: IQBAL LATIF	Respond to of 50167

Reddy Sahib- my morning mail was at a time when S&P was heavily down Nekkei looked bad and HSI was down too- but I maintaned my strict line that this is not going to breaK 910- whereever the market is I am really seeing this bounce up as a very good signal for the world to notice - DOW is not going to follow other markets until domestically something goes wrong- that will partially be clear by later afternoon. Nekkei and HSI will bounce from present levels as CAC came up. If we become a copy of CNBC we will loose friends like you- the purpose is to eliminatre panic- bring to fore the right stuff and let my friends have less to worry and more to concentrate on- when doomsday advice is dime a dozen some positive read needs moral courage and conviction on these markets and system in my humble opinion bear market don't evolve because we want them - fundamentals point towars them and my limited read cannot justify a pessimistic view. I even believe that if in an unlikely event that FOMC announces a hike the market after a 300 points drop will bounce back to 7550.