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To: smolejv@gmx.net who wrote (3413)	8/11/1998 5:25:00 AM
From: MonsieurGonzo	Respond to of 11051

DJ; RE:" HangSeng Hangup " hoo-boy, the Honk has really tanked tonight! We're watching the DAX bounce off of 5375 right now ( 11.45 CET ) and -375 more to ~5000 seems feasible by the end of the week, at this rate. All I can say is I feel your pain, man :-( The near-term target on the S&P-500 looks like 1030-1040; the 200d EMA is around ~1050. Since the top on 20-JULY, neither the S&P nor the DAX has managed a +3% bounce. The financial stocks - banks, brokers and insurance companies - have been the weakest index blue-chips here. -Steve

To: smolejv@gmx.net who wrote (3413)	8/12/1998 12:11:00 AM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

RE:" S&P-400 MidCap Index " The index symbol is MID.X and there is an AMEX:SPDR that can be traded like a stock: MDY MDY @ 63 today is up about +2% for the year; SPY is up about +11% and DIA is up about +9.5%. Investing ($20K) a flat $1,000 in each of the 17 WEBS, DIA, SPY and MDY on 23-JAN-98 you would have made about $500. or +2.5% Y.T.D. OTOH, the EU (less the U.K.) WEBS are still up +25% for the year. An optimized, hedge-fund approach would have been to buy the EuroWEBS and short the AsiaWEBS at the beginning of the year, whilst ignoring the U.K. and NorthAmerican SPDR/WEBS altogether - or by putting the U.K./NorthAmerican SPDR/WEBS' allocation into 30-year US Treasury BONDS ;-) -Steve