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To: ed who wrote (13667)	1/16/1998 1:23:00 AM
From: Satyr	Read Replies (2) \| Respond to of 97611

I'm not sure. The more I look at the charts the more I see that the run up this year was totally without foundation. Too many stocks clearly are overvalued and further correction could be necessary. Remember this market was headed down before the Asian Flu was ever heard of. I think the Asia problem has just added to the volatility of the situation but it was not the cause of it. I think 6500 on the Dow is a possibility but I have been wrong before.

To: ed who wrote (13667)	1/16/1998 2:06:00 AM
From: Dwight E. Karlsen	Read Replies (3) \| Respond to of 97611

ed, re IMF will and has to change its policy pretty soon. Huh? Isn't that sort of like the inmates running the asylum? Since when do debtors get to dictate terms of pmt? It seems to me that when the Asian countries accepted IMF bailout money, they agreed to abide by certain terms. Whether or not you or I or the Asian countries agree with those terms after the fact is a moot point. When I sign mortgage papers on my house loan, I can't go back and remove the house as collateral, because the agreement I made doesn't allow that. Then again, I guess Saddam can dictate terms of inspection even though he lost the Gulf War, so anything is possible. DK