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To: surfinSteve who wrote (38290)	4/6/1998 2:28:00 AM
From: Gersh Avery	Respond to of 58727

Re:"Why would risk-adverse investors (accustomed to low interest savings accounts) suddenly pour money into the US stock market?" Probably not stocks, but bonds. But the result would be for US profit money to be pulled out of there to be spent on stocks. Chain of events goes: Japan market open -- large demand for USD causes yen to go down US market opens with run on bonds. About an hour later bonds start to dip. About an hour after that stocks start to jump. Yes the Japanese folks who have money still, know what a bubble looks like. With that all said .. looks like yen stays home tonight. Gersh