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To: synchro who wrote (7528)	1/24/1998 8:05:00 AM
From: qdog	Respond to of 152472

Well, the media is focused on bringing down a Prez for the moment. However, Asian problems are at a crossroad. It depends on what they do in the shortterm (next 3-6 months) that affects the future. If they choose to get their respective houses in order, the Mexico model, by taking on certain painful measures now, then they should be in far better shape a year from now. To predict what will happen is rather difficult. In it's present form and course, it wrecks the pace of growth of the middle class in these countries and turns that pace of growth to a negative. IF enough countries in the continent are effective, then it in turn hurts companies that do business there. It also floods the marketplace with even cheaper goods, as a results of devalued currency, which escalates trade disputes. None of which is good, as it continues to fester. The flight to safety, such as the dollar (which has taken a hit because of Clinton escapades) or gold results. If this spills over into mainland China, then it becomes pandemic, as China is a dynamic growth area that will be slowed or sent into recession. If Clinton survives and this flap blows over, then the dollar continues to strenghten and that errodes the corporat profits, which fuels higher stock prices. Now is not the time to be margin. I would caution folks to reduce any margin accounts and have a little dry powder for bargain hunting. Stock markets don't like uncertainty with Clintons trouble and Asia financial mess, coupled with warning from corporations about Asia in their quarterly reports makes it a time of uncertainty. Invest wisely!!!