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To: MichaelW who wrote (57653)	8/11/1998 2:24:00 PM
From: Chuzzlewit	Respond to of 176387

Michael, the argument is always on the basis of all other things being equal. I am simply saying that the effects of Asian economic problems will extend well past companies that have direct exposure to all companies. I could have added a third tier to the argument and pointed out that as people from companies A & B are laid off discretionary spending decreases, which impact every company in the economy. That's really why the market has reacted the way it did. TTFN, CTC