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To: Patrick Slevin who wrote (39390)	4/13/1998 9:44:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 58727

from Johns post: "There were no speakers and no data today, but talk about Fed policy abounded nonetheless. Over the Wednesday-Thursday period no less than three Fed Governors (Kelley, Meyer, and Phillips) expressed the sentiment that when it comes to the Asian crisis, the bark has proven much worse than the bite. The market is finally realizing that these Fed comments may actually mean something. " what does this bark worse than bite mean.... to me that means the talking is worse than the action...but that doesnt gel with the action today in the market as the market seemed spooked.... that paragraph confuses me the yen june contract high .7797 low .7752 open .7781 current. 7757

To: Patrick Slevin who wrote (39390)	4/13/1998 11:00:00 PM
From: Nemer	Respond to of 58727

BluePaintedKelticSpearChunker: as you quote from Gene--- ----------> initially selling of the Nikkei would be bullish for New York, but eventually (as concepts of world recession and/or Japans joining the circle of devaluation and cutthroat pricing already seen in smaller manufacturing countries in that region), this entire affair would cast a negative pall on our market too. I echo this sentiment with wholeheart, understanding, and some black eyeshadow, too. Regards---Nemer