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To: SecularBull who wrote (62396)8/31/1998 11:48:00 AM
From: Mohan Marette  Read Replies (1) | Respond to of 176387
 
Economy-Healines.

LoD:

If interested take a look.

10:02 JULY MEAN NEW HOME SALES PRICE UNCHANGED AT $174,100.
10:02 JULY MEDIAN NEW HOME SALES PRICE UP 1% TO $147,900.
10:01 STOCK OF NEW HOMES ON MARKET 288,000, 4-MONTH SUPPLY.
10:01 JULY NEW HOME SALES RISE 1% IN SOUTH.
10:01 JULY NEW HOME SALES UNCHANGED IN WEST, DOWN 1% IN NORTHEAST.
10:01 JULY NEW HOME SALES PLUNGE 12% IN MIDWEST TO 144,000 RATE.
10:01 WALL STREET EXPECTED RISE IN JULY HOME SALES TO 950,000.
10:01 HOME SALES STILL STRONG DESPITE JULY DROP, JUNE REVISION.
10:01 MAY NEW HOME SALES REVISED TO 890,000 FROM 891,000.
10:01 JUNE NEW HOME SALES REVISED TO 900,000 FROM 935,000.
10:01 NEW HOME SALES LOWEST SINCE MARCH.
10:01 JULY NEW HOME SALES FALL 2% TO 886,000 ANNUAL RATE.
09:56 IMF CONFIRMS APPROVED $960 MLN LOAN OUTLAY TO SOUTH KOREA.
09:42 RUSSIAN DUMA RESUMES DELIBERATIONS ON NEW PRIME MINISTER - DOW JONES.
09:38 YELTSIN TO NOMINATE CHERNOMYRDIN AS PM AGAIN, IF DUMA REJECTS MONDAY



To: SecularBull who wrote (62396)8/31/1998 11:49:00 AM
From: Joe Sabatini  Read Replies (1) | Respond to of 176387
 
Long term, I think everything will be ok. But one can't help feeling a bit unnerved by the recent market trends. Nasdaq is simply being destroyed. And still, the gains by the big boys are masking the complete carnage in the broader market. Unbelievable.

Joe S.