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To: Bobby Yellin who wrote (16370)	8/23/1998 7:21:00 AM
From: Karen E Hoof	Read Replies (2) \| Respond to of 116786

Hi....I got my second wind about midnight...and started reading a couple of threads...but being Saturday night it seems everyone has folded their tents....storing up energy for the markets and news tomorrow night..... I have wondered if we are all insatiable news buffs...or insomniacs... on the GPM..... I think your "Ludicrous phase" is very appropriate for housing.... The surrounding area that Microsoft has affected is unbelievable...the hills and dairy farms have houses on them. There are people living in Cle Elum, a small ranch and farming community in a valley area on the other side of Snoqualmie Pass...in the Cascade Mountains....they are commuting to Redmond and Bill Gates.... Housing prices are outlandish..... For phrases on SI my favorites are 'fibanotchy bunnys' and the other night Bill Murphy 'petite minors' you probably saw that....In that I loved them, I do hope that I remember them correctly.... That Brokerage in midtown NYC...as they're building it and if the company and the building are taken over in a merger; you know it is the top if is bought by a foreign company.....at least that happened in the 80's. But I don't think that we will see that this time...as we are the ones in a balloon market...right now we are the only supporters of our economy... Question...Isn't personal consumption 70% of our economy? A year ago mergers had a premium to the party being taken over...now they are 'mergers of equals' and there have been 'take unders' in the last couple of months...and those take unders were friendly.... In all the mergers, the only ones who are making out like Bandits these days are the corporate officers....those golden parachutes...the co-CEO's bull_hit.... greed....you can't have my company unless you compensate me personally for selling... This next week we should be getting a spate of reports from companys that are not going to meet the street estimates....and that will run into the beginning of Sept. These are the adjusted lower street estimates. Now that should be additional pressure to the downside in the market...we may find out soon if Japan is going to have the Banking Crisis....and there will probably be a devaluation in the Brasil currency in the next couple of weeks( that is my assumption since Venezuela and Argentina have devalued)....Currently I do not see much good news that the market will be receiving....there may be individual companies that will do great, but their PE is so high already, that investors will sell into the heavy volume and by the end of the day the stock will be lower than the opening price.... El Nino and La Nina...as you say...El Nino has had its effects....but two events happening at the same time can multiply the end result...like the unusual weather, warmer than usual,more rain, more flooding, less snow and cold so less heating oil.......But the World appears to be going into a recession, and the currencies that are devalued against the American dollar from South Africa to South East Asia to South America....become a greater burden in a non functioning economy...so they can not take advantage of the lower price of oil,and the devaluated currency, looses again when it has to buy oil....the money has been devalued in relationship to the Dollar, now they have to devalue again in the penalty of converting to the dollar to buy oil or commodities....So even if the weather gets colder, and oil is in greater demand in the US and Europe, that demand is not enough to compensate for the downturn in demand in the rest of the world....IMHO. I am starting to get very confused....needless to say, I don't know... Bobby, tonight I guess you got me with to many questions. :) About property taxes....my taxes went up 41.2% this year....ouch! Clinton has already signed a bill for 5 Bil. dollars to help the farmers...agra business....oh and the chickens to Russia, come from Tyson in Arkansas. Now I have a question...Bill Clinton (forget all the current events) signed off and gave the government workers an 8% pay increase over the next 2 years......Thats not a COLA...theres no inflation....Is that merit pay.....everyone has done such a good job, and the government has made so much money that we are going to share the wealth with all of you out there....Thats a hefty chunk of money across the board... Well thats all for tonight.....karen

To: Bobby Yellin who wrote (16370)	8/23/1998 9:44:00 AM
From: goldsnow	Read Replies (2) \| Respond to of 116786

And in the mean time "life" is going on....Here are the evens unfolding in the most rich corner (copper/zinc/others0 of the World Congo rebels say they take city of Kisangani 07:48 a.m. Aug 23, 1998 Eastern By Nicholas Phythian KINSHASA, Congo (Reuters) - Congo rebels fighting to oust President Laurent Kabila said they had captured Kisangani on Sunday, the main city in the center of the country. Rebel leader Earnest Wamba dia Wamba told a news conference in the eastern town of Goma: ''Our troops have arrived in Kisangani and Kisangani has fallen under our control.'' Earlier, the Tutsi-led rebels said Angolans had taken their main supply base, while ahead they faced a mixture of Congolese and Zimbabwean troops. As South African President Nelson Mandela convened a peace summit in Pretoria that has been boycotted by the main participants in the combat that threatens to ignite the region, the rebels vowed to fight to the finish. ''They took the airport at Kitona after heavy fighting last night and this morning,'' rebel commander Dioudonne Kabengele told Reuters. ''We shall defend our territory to the last man.'' Kitona was the main supply base for the rebels who are advancing north east from the Atlantic coast and claim to be just 30 km (19 miles) from the capital Kinshasa. There was no immediate confirmation of the rebel claims. Government Information Minister Didier Mumengi admitted that Zimbabwean troops were fighting alongside Congolese troops south west of the capital. There was no word from Angola on its alleged participation in the conflict, although it has helped Kabila in the past and said it would do so again. On Saturday, Reuters correspondents with the rebels witnessed two MiG-21s attacking rebel positions. The rebels said they suspected the warplanes were Angolan or Zimbabwean as Kabila's armed forces do not possess any MiGs. ''Aerial bombardments have intensified. Now our forces, in coalition with the Zimbabweans, are moving progressively on the ground with prudent slowness,'' Mumengi said. Kabila, who with the backing of Rwanda and Uganda overthrew veteran dictator Mobutu Sese Seko 15 months ago, has accused his former allies of fueling the three-week old rebellion. Both countries have dismissed the charges, but both have also threatened to intervene if Zimbabwe and Angola do not pull out. In Pretoria, Mandela presented a 10-point peace plan to a mini summit involving Ugandan President Yoweri Museveni, Rwanda's Pasteur Bizimungu and two ministerial representatives from Kabila who declined to attend the meeting in person. Kabila's main ally, Zimbabwean President Robert Mugabe, also boycotted the meeting. Details of the peace plan were sketchy, but appeared to focus on freezing the status quo with an immediate cease-fire, recognizing Kabila's as being the legitimate government and opening talks to create a government of national unity. The plan is due to be handed to an emergency summit meeting of the 14-nation Southern African Development Community (SADC) later on Sunday -- although the absence of both Mugabe and Angola's Jose Eduardo dos Santos would undermine the event. The SADC, chaired by Mandela, comprises Angola, Botswana, Lesotho, Mauritius, Malawi, Mozambique, Namibia, Seychelles, South Africa, Swaziland, Tanzania, Zambia, Zimbabwe and the Democratic Republic of Congo -- formerly Zaire. Soldiers led by ethnic Tutsis launched the rebellion in the east of Africa's third largest country on August 2 after Kabila ordered all Rwandan troops out of the country. Rwanda and Uganda both claim their national security is at stake. The crisis has split the SADC, a nascent power platform in the southern and central African region, is what increasingly appears to be a duel for primacy between the hawkish Mugabe and dovish Mandela. Mandela and Mugabe have been butting heads for several years over which of them should control the SADC's security and peace-making mechanisms. Copyright 1998 Reuters Limited.