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To: Sonny McWilliams who wrote (15841)	1/9/1998 2:29:00 AM
From: TechnoWiz	Read Replies (1) \| Respond to of 27012

Hi Sonny & All: "There is nothing to fear but fear itself" FDR Seems as if the market got a bout of Fear of the Future, fear of the Five day effect, fear of Asia and now fear of Latin America again. Personally, I am encouraged by the relative strength of the Nasdaq today, although I was disappointed with the S&P and the Dow. The good news is the more negative people and analysts get the more likely the market will rally. I notice a lot of analysts suddenly turning bearish and telegraphing their fears and views widely. 1. For example: Harvey Eisen tells us that the second year of a second term is a bad year, last time I checked 1985 was a pretty strong year. 2. Don't be fooled by this first five day nonsense. The second week of 1996 was terrifying enough with a 200 point weekly drop back then before the market soared 600 points. 3. I have a gut feeling that a similar move has some potential to develop in the coming week. We are getting to a point where these Asian markets will find a bottom and this will likely be a low that ought to generate a significant bounce and offer a lot of relief to World markets. 4. European market have held up extremely well, so far. Which could give our markets the confidence to rally. The extent to which our markets can rally is critical to the future direction in the coming months. If the Dow makes it over 8000 after all this recent angst, that would be an enormous boost. 5. Rather than be totally focused on the gloom in Asia. I would prefer to look south to our second largest trading partner that has staged one of the most dramatic economic recoveries in history. Last year the Mexican Bolsa soared 55%. What does this mean? It probably means that along with the rest the 400 million market in Latin America that the Economy will boom and that demand for US Capital and High Tech goods will probably at record levels. These economies are developing at a rapid rate. Unemployment is at 3.5% in Mexico and in recent quarters has been growing at a rate of 7%, and that does not include the underground economy which is probably 3%. There is major deregulation in the works in these economies and a communications revolution is following on the heels of the US. I believe Mexico will be the U.S.'s largest and most important trading partner by year 2000. Hope this gives some New Year cheer rgds to all Wiz