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To: Jon Tara who wrote (16866)	8/19/1998 12:43:00 AM
From: Richard Habib	Read Replies (2) \| Respond to of 213177

So from this should I take it all the worldwide problems have been somehow corrected??? The Yen is fine?? Japan is not in recession? Japan's economy won't take years to fix?? China and Hong Kong will not suffer any more attacks against their currency's?? China, which needs 8% growth just to stave off massive unemployment and disruption because of it's transition from state run enterprises and whose growth is slowing and which is trying to artificially keep growth high by massive deficit spending is just fine now? Hong kong, that bastion of free enterprise no longer needs to have it's central bank intervene in the stock market to hold shorts at bay?? Indonesia is hunky-dory and probably won't fracture down ethnic lines because they managed to avoid riots this week?? S. Korea probably won't have any more union issues and be able to work out it's difference to achieve western style capitalism based on efficiency not cronyism and government support? Oh, I guess that will go for Japan, Indonesia, Malaysia, Thailand, Singapore and the Philippines also?? Russians who have just lost 35% of their wealth probably won't care much?? Latin American markets will be just fine also despite currency fears and chronic lagging markets?? I think smart money is using rallies like this to build short positions. Rich