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To: freeus who wrote (61535)	8/27/1998 6:06:00 PM
From: Frank Ellis Morris	Read Replies (2) \| Respond to of 176387

Good Evening Freeus, Early this morning before our markets opened I was deeply troubled by the carnage that took place over night and the fact too that the S+P futures were down 12 points. I guess my early pessimism was mild compared to what unfolded here. Although I think that today was an excessive amount of fear selling and hopefully a blow off, I am still troubled that the S+P futures are falling in after hours right as I write this post. I have no idea of how the turmoil in Russia is going to calm and because no one has an answer things could still get worse. If this market does not soon gain some ground we can all kiss the bull market goodbye and consumer confidence will dwindle resulting in a recession. The market looks to be way oversold and is a screaming buy. I will look at the conditions overseas and give my market outlook in the morning for Friday's trading Good Luck and hang tough Best Regards frank