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To: Frank Ellis Morris who wrote (15909)1/11/1998 2:58:00 AM
From: Sonny McWilliams  Read Replies (1) | Respond to of 27012
 
Frank, thanks. I did get your e-mail. But you had forgotten to put on that URL. I don't think it would have helped on Friday night. Anyhow, I e-mailed you back. I don't think that this qtr. will reflect much of the Asian problem. I think it is way overdone. Yes, it will affect some cos. who have a lot of business there but I don't think there are a lot of those. I hear most of the cos. have a low percentage of business in Asia. The next cpl. of qtrs. could tell a better story. But we have gone through all this before. Europe and South America were down and Asia was up so now it is Asia and Europe is getting better. It is just musical chairs. But with the market higher it is all a real good excuse for selling. Some cos. are being knocked down as if there was no tomorrow. We will get over all this. The world is not collapsing just because some of those Asian countries didn't know how to take care of their business. Our economy has been at times and I don't remember everyone making a fuss over it like that. I guess they knew that we would not get any money so why bother?

A lot of the good stocks are being thrown out with the bathwater. They will come back.

Sonny