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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (14665)	3/5/1998 5:58:00 AM
From: James F. Hopkins	Respond to of 94695

To all; Europe down big time early this morn..as is most of Asia, there is Fear in the market place..yet somehow I think it may help us not slide too far..The Dollar went up against all major currencies except the pound..it made the largest gains. Korea and HongKong seem hardest hit. Another thing I think might limit our fall is that so many people are expecting it this time..and there is still a lot of cash in Money Market funds. Volatility..and a lot of rotation are looking at us , the tech sector will likley give up the most..but I doubt we will test our lows of JAN12th, there will likely be appeals on the major news early this morn from some of the big names urging people not to bail out of Mutual Funds..and all in all I would say it's kinda late to get out of a fund at this time..I will likely be going back into my funds by Friday.. ------------------------------ But This could bleed over into next week if Asia keeps falling. Thats what I will be looking at. ----------------- Another reason Asia is getting took down a notch is there has been a lot of resistance in Congress to the IMF bail out. A lot of Asia's recovery so far has been based on the assumption we would toss Billions of Dollars to the crooked Bankers who set the whole thing up to start with. --------------- Jim