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To: Patrick Slevin who wrote (45798)	6/15/1998 2:16:00 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 58727

Hi Patrick .. you had asked a question Friday. Something about what happened @ 2 AM Friday. I believe that is the time that Japan made the formal declaration that they are in recession. That would have been after their market had closed for the day. Today we have the Asian response. Again .. the yen wants to skip town tonight .. liquidity from Japan is headed toward our bond market with possible overflow into stocks. Fed announced Friday that they were adding liquidity to our system. I think that is an overnight process so the bucks will hit today. Market may be down at the open to catch up with the futures. From that point on an upward bias to stocks..bonds up from the start. Strong surge 3PM in stocks like Friday. With all of the liquidity hitting today we should have a very strong day .. perhaps 175 DJIA points. bonds up = Japanese liquidity stocks up = Fed liquidity If stocks do indeed jump with the increase in liquidity then Tuesday would have an even larger slam up as Japanese liquidity would start to be attracted there resulting in about 350 or so DJIA points. This feedback situation could result in DJIA 10k Thursday or Friday. At that point I think the plug would get pulled. Gersh It'll be about noon before I'm able to see how close I hit .. have fun and goodnight.