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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Stoctrash who wrote (5316)1/29/1998 11:23:00 AM
From: ViperChick Secret Agent 006.9  Respond to of 42787
 
Well...at least european market is following your lead...

Money in the Morning

Thursday, January 29, 1998, 9:30 a.m.

Europe storms into record territory

by Ryan J. Donmoyer

The record highs are back. At least in Europe.

An influx of cash and a holiday hiatus in the
Asian financial crisis drove the London and Paris
stock markets into record territory today and
Frankfurt was about 10 points shy of setting a new
ceiling itself. In fact, the Financial Times 100
in London has been growing about 1% a day this
week. The index was up nearly 40 points in mid-day
trading today. In Paris, the CAC 40 was up about
37 points. The DAX in Frankfurt was up about 35
points in late trading.

European traders were riding the coattails of this
week's strong Dow performance (the industrials
gained 100 points on Wednesday). And it doesn't
hurt that Asia has been "out of sight, out of
mind," as CNBC's Tom Costello put it this morning.
It's the Chinese New Year.

Ironically, there was good news today for Asia.
After nearly a month of negotiating, South Korea
reached agreement with the world's largest banks
to trade $24 billion in short-term debt for
government-guaranteed loans. The deal is a major
stepping stone in South Korea's economic recovery.
The devaluation of its currency, the won, has made
it difficult for the country to repay its debts.

In Japan, where two more members of the Finance
Ministry quit and a third committed suicide amidst
a bribery scandal, the Nikkei 225 gained more than
40 points today to close at 17014.39. Other open
markets in the region included Australia and New
Zealand, which closed up about 1% each.

All eyes in the U.S. markets are on Federal
Reserve Chairman Alan Greenspan, who testifies
before the Senate Budget Committee at 10 a.m.



To: Stoctrash who wrote (5316)1/29/1998 1:58:00 PM
From: ViperChick Secret Agent 006.9  Respond to of 42787
 
Fred...I just noticed this was from you....when I replied I didnt even notice that...I am spacing out today to the max....

I replied to your night email address about your last email...the answer is yes...if you dont remember what I am talking about...well you will find it when you get home.

i wish I had a fax that you could send those documents too...can you just give me a synopsis...it is a sad day when I have a fax in my computer but dont know how to use it. If I can manage to figure it out..would that work?

radiating lisa...