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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?

To: Roy F who wrote (1434)	8/4/1998 4:43:00 PM
From: VALUESPEC	Read Replies (2) \| Respond to of 3627

CD Starts to Bring Entire Market Down With It ! Written by VALUESPEC August 4, 1998 Hot off the Press:o) Analysts and Fund managers alike have pin-pointed today's drop in all the markets on CD's recent performance. It seems that the cosmic vortex which CD has been caught in, especially for the last week, has now captured the entire market. They speculate that not only will CD drop its usual 2% plus, per day, but the entire market, including world markets, will now be following them. As one CD investor said, "I knew things were bad for CD, but I didn't expect them to take everything with them". Another, proclaimed this the last day he will ever own a stock, assuming he can sell it tomorrow.". CD shareholders have weathered the drop in Cendant well, considering the hellacious ups and downs they have experienced (Mostly down, a shareholder is quoted as saying). Is the entire market prepared to experience the kind of drops each day that CD shareholders have put up with? Some analysts doubt it. No fund managers, however, could be reached for comment. Apparently, they were too shocked over today's event to even speak. After all, they get paid potentially big bonuses depending on how their funds perform. In the last week, many of those bonuses have been significantly diminished. It is hoped that these same panic stricken fund managers don't all stampede to the door tomorrow. Some speculate that they will as over 80% of non-index funds don't perform as well as the general market such as the S&P 500. Is the beloved President Clinton consulting his Star right now to see what he should do with regards to the Ms. Lewinski situation? Hopefully, the Star he consults this time give him more prudent advice than the one he consulted when he got involved with that young aide. It is rumored that scientists will be dispatched from the Pentagon to look into this CD cosmic, vortex phenomenon, as per the President's orders, as he assured us, "he does feel our pain". Some, however, are blaming the current pain on the President himself. After all, it is the rumors circulating of his impeachment that helped get these markets acting so strange. With the markets falling, will President Clinton's popularity fall? CD shareholders don't care. They are hoping, that like a cyclone, that the worst of the storm is over for them. "May the best stocks survive," one CD shareholder was quoted as saying. "We are weather hardened already," he mumbled in a voice that wasn't very convincing. :o) CD: $ 15.19b $ 15.31a