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To: Glenn D. Rudolph who wrote (28315)	12/18/1997 9:25:00 PM
From: Sowbug	Read Replies (2) \| Respond to of 61433

<<Japan being off almost 1000 points seems to be the problem. I cannot determine why Japan is down that much. >> Opposition won in the South Korean elections, meaning the IMF bailout probably won't go through, and the bailout was what triggered the most recent rally. That's at least 1 of the 1,000 points.

To: Glenn D. Rudolph who wrote (28315)	12/19/1997 1:34:00 AM
From: Potato Farmer	Read Replies (2) \| Respond to of 61433

Glenn, Regarding Japan: It could be that their economy is in a toilet, showing no growth for years. It could be that their banks and insurance companies are nearly insolvent and only massive sleight of hand is keeping their doors open. It could be that you have not even begun to see Japanese companies report the losses on their huge investments in the Asia "Tigers". It could be that they have zero confidence in their neighbor, South Korea, and the idiot that just won the election there. Or maybe it is something worse than all that. P.F.