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To: George Papadopoulos who wrote (1041)	7/20/1998 1:57:00 AM
From: X Y Zebra	Read Replies (1) \| Respond to of 5130

Just a quick reply...this subject could take MUCH more space. I am married to a Chinese Malaysian. I have been to Malaysia, Singapore and Hong Kong. I have many Chinese friends. I have never seen such a hard working, intelligent and family loving people who really value education and make capitalist history if they are let free to do so in an orderly manner (which has been and is happening in China, not like Gorbachev...)Oh and all those wounded Asian Tigers will be back, stronger than ever because they learned some good lessons after the crisis. You know the good old asian values...these values will win in the end and China will become THE superpower (along with the Tigers). Good Morning George, (I assume by the time you read this, morning it will be). Well... as I said, I would love to hear more, and yes I agree this could be a long discussion, but I am in no hurry, and I guess you are somehow, an "insider", so I would love to hear your views, I am always wanting to learn about other countries.... So take your time and explain to me your views about the Orient, I will exchange my views with you... "Should I take a home equity loan and invest it in the S&P 500?" I love it !!!!! Imagine all those opportunities when the right time comes.... One has to keep dry powder at all times, for the right moment, at the right place.... How would you like to have a 1,000 or 2,000 point drop.... or more !! The thing is, as incredible as it may sound, before that happens, I think there is still some upside to go, once again the key becomes the relationship between risk and reward, for the time being.... the US stock market is just about the only game in town..... and there is a lot of foreign money agreeing with such premise. Day trading has become even more attractive, for the very same reason that as the price of stocks goes higher, the safety factor becomes all that more critical. Therefore, If the momentum continues, what one needs is the participation in such momentum, at the same time, closing out positions at the end of the day, is most critical, as no-one really knows if one of this days, the ugly face of the bear or indeed a considerable crash may rear its very ugly face.... If you have a sharp eye to identify those flashes of two to five points (or whatever it may be), on a daily basis in specific stocks with large followings, you would be surprised the profitability of such moves.... I can not emphasize the importance of risk/money management.... if whatever rally falters, or the price moves against you.... it is OUT NOW !! no questions asked, it is better to have a small loss, and even to lose a rally, before being decimated by a LARGE move against you..... PARTICULARLY, if you kept the position overnight..... the next morning opening bell could be one sorry morning !! And so that brings me to our friend, the one with the "Home equity loan invested in the S & P 500" Interesting times we live in.... no doubt !! For now, however, I too, have to get some sleep. Good night... or rather... Morning. Z.