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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (19670)	8/31/1998 10:28:00 AM
From: James Strauss	Read Replies (1) \| Respond to of 50167

Ike: The S&P is now trading below the 1020 support area... If this doesn't hold, we could see a slide to the 980 area, and possibly 950... As I type, it is bouncing back a bit... It's important for 1020 to hold... Jim

To: IQBAL LATIF who wrote (19670)	8/31/1998 10:32:00 AM
From: Lee	Read Replies (1) \| Respond to of 50167

Hi Ike,..Re:Friday they did all possible to get these markets HSI in HK lower but the HK guys just threw money and all these shorts ended up paying big time, Thanks very much for the rational explanation of HK government actions. Kind of like when Rubin and BOJ waited until the best possible moment to sell dollars!<VBG> Makes perfect sense now. It's difficult to attach any importance to media reports anymore since they invariably either have the wrong slant or have made downright wrong conclusions. Best, Lee