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To: Patrick E.McDaniel who wrote (58511)	8/17/1998 12:32:00 AM
From: jbn3	Read Replies (3) \| Respond to of 176387

FOMC Patrick, I doubt that we will get a rate cut for the following reasons: Greenspan has been trying to slow the market and restrain "irrational exuberance" for some time. Now general market conditions are accomplishing his goals for him. Further, from some of Lee's posts, I gather that several FOMC members have been pushing for higher rates; the potential damage to weakened Asian economies due to additional capital flight has been one of the strongest grounds for not raising rates. I believe that a reduction in the Fed rate would make equities even more attractive, and tend to spur the market out of its current malaise... That would be anathema to AG's position and desires. So I don't think it will happen. But Lee is our 'resident Fed expert' -- and would be the one who's ideas I'd most like to hear. thanks and excuse me for jumping in. DELLish, 3.

To: Patrick E.McDaniel who wrote (58511)	8/17/1998 12:35:00 AM
From: jbn3	Read Replies (2) \| Respond to of 176387

DELL earnings announcement Just received my 'prior notification' from DELL... As you requested, here's your reminder from Dell Computer Corporation (<http://www.dell.com/>), regarding the FY99 Q2 Earnings Release 8/18/98 on 8/18/98: FY99 Q2 Earnings Release 8/18/98 DELLish, 3.

To: Patrick E.McDaniel who wrote (58511)	8/17/1998 8:42:00 AM
From: Mohan Marette	Respond to of 176387

<OT>Dismal but optimistic- What the top ten dismal scientists think? Pat: Interesting perspective from the top economists. Top economists are warily optimistic on market NEW YORK -- As long as the market doesn't go down too much further, too much faster and too much longer, economists won't lose too much sleep over it. A survey of 10 of the country's top economic forecasters reveals a wary optimism among practitioners of the dismal science in the face of the market's 9.8% fall since the Dow Jones Industrial Average hit a closing record of 9337.97 on July 17. A decline of at least 10% is generally defined as a market "correction"; several major indexes are either past or, like the Dow industrials, are just shy of that mark. [MarketWatch]