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To: PaulM who wrote (5138)	1/3/1998 1:13:00 PM
From: Bobby Yellin	Respond to of 116759

thanks..will get to it later today...have had a strong feeling that the retired people of America are gone to start really protesting except for those whose company pensions were invested in stocks.. Once the market implodes and their sense of wealth implodes, watch out Washington. (already in New York, if you get the Times, big article that the people who control the state have way too much power..beginning of a new era?)

To: PaulM who wrote (5138)	1/3/1998 5:29:00 PM
From: Gary H	Read Replies (1) \| Respond to of 116759

Paul, I had earlier inquired if anyone was watching the "TED SPREAD" but didn't get any takers. I believe it is a good indicator of the world financial state and offer the following from Franklin Sanders on the EWR page. You ought to watch the TED Spread constantly because it is the insiders' best early warning radar. The TED Spread is where the world's risk managers are moving their money, and the best part is, they can't do it without leaving tracks. What are central bankers doing? Big banks? Investment bankers? Conglomerates? Corporations? Really wealthy individuals? Follow their spoor across the TED Spread. The TED Spread also furnishes a valuable indicator for precious metals investors. When crisis talk is brewing but the TED remains quiet, gold investors should have second thoughts before acting. On the other hand, when the TED starts moving above say, 75, it could mean that smart money in Europe and the Far East already smells something bad coming down the pike, and they're runnng away early, before the general public catches on. An artical in Toronto Globe & Mail on Mar. 1/97 by Donald Coxe(Harris Investment) titled "The Elecrocardiogram of the Raging Bull Market" said " If you check the finacial futures quotes in the paper, you can track the readings by subtracting the price of the Eurodollar futures at Chicago from the same monthsTreasury Bill futures. As of writing, the spread for June contracts(which have the biggest volume) was 46 points, which is very low. So the system is healthy. If that spread rises above 85 or so, expect a stock market correction. If that spread rises above 150, the stock market crisis will be the lead item on global TV newscasts, and the CB's will be preparing the lifeboats." At Dec. 5th/97 it was stated at 91. Jan. 2nd/98 is 77. Cheers,