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To: Lockhart who wrote (17237)	6/11/1998 10:42:00 AM
From: joe	Read Replies (1) \| Respond to of 45548

Seems like we have some Florida hurricane weather here. Time to retreat to the shelter's and wait this guy out. Any thoughts anybody? The only positive is that long bond is at 5.67%. If after the storm is done, rates stay this low, we are due for some rally action soon. I can't remember last time rates were this low. joe

To: Lockhart who wrote (17237)	6/11/1998 10:53:00 AM
From: joe	Read Replies (2) \| Respond to of 45548

If anybody looking for scraps of good news (I know I am :-) ) --- From Briefing.com 10:30 ET DJIA -47, Nasdaq -4, S&P -3.77: Widespread, but only modest losses at this juncture... Continued weakness in Asian markets and concern that a second half earnings rebound will prove disappointing is keeping a lid on things... Given that were in the heart of the earnings warning period, the defensive mindset is understandable... Should the market emerge from this period without many negative proclamations from major market movers, then sentiment should shift as traders make note of the decisive drop in long-term rates to validate lofty valuations... 30-yr bond +13/32 at 5.67%. Widespread, but only modest losses at this juncture... related to the Bush family???