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To: Sonki who wrote (13576)	11/24/1997 8:27:00 PM
From: dougjn	Respond to of 27012

At 8:15 Tokyo down 4.9%, S.Korean down 5.9% (another 10yr low); down equivalent 380, 460 pts. Tomorrow looks ugly. Glad I'm once again mostly cash. This is feeling more and more like at least a temporary bear to me. Denial of Asian effect on US. Asia gets worse. Barton Biggs looks smarter, etc. Not saying it will end as he says, saying the markets getting more and more worried. Naz is close to Oct 27 lows. Dow/S&P heading back there and taking Naz a lot lower, I suspect. Since the whole Street was planning on riding one last, Xmas, rally before the reality of downgrading 98 earnings (which had been expected even before the Asian mess by many), the Street has once again decided to anticipate itself. I think. But, hey, I could be wrong. <g> Doug