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To: Marc Newman who wrote (17363)	8/28/1998 9:16:00 AM
From: Richard Habib	Respond to of 213173

Marc I'm not sure. Real interest rates aren't that low. Who knows what the Fed will do. If they lowered rates I'm sure we would have a good rally. I guess the question is how bad things get overseas and whether it drags earnings down and creates uncertainty. I see this whole thing going on for a year or two so I think we will see rallies and strong dips. My greatest fear is we get down here and trade sideways for a while and have trouble makeing money long or short. Hope we open down this morning. I'd think we'd be better served by a strong down followed by buying rather than an attempt to open up. Rich.