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To: James Strauss who wrote (19755)	9/1/1998 10:44:00 AM
From: NickSE	Read Replies (1) \| Respond to of 50167

FYI, just talked to my broker and he expects the weakness to continue throughout the morning due to a continuation of margin calls from yesterday. Their margin dept. is on serious overload from what he tells me. In regards to the market drop predicting a recession, the market has a prediction rate of 25%. So I guess well have to wait and see. If we can't even get a bounce from a 7.7% S&P drop the day before, there is serious concern about where the economy is heading... Regards, Nick

To: James Strauss who wrote (19755)	9/1/1998 11:45:00 AM
From: Riskmgmt	Read Replies (2) \| Respond to of 50167

The S&P is sitting around 940 as I type... I have a trendline in the 925 area for those that are contemplating pulling out their hair... : > After that, we have 900, then 825... After that, some Pepto Bismo... Jim: Hold the Pepto Bismo, the market is up again. Nasdaq up 33. I saw your other post and agree it would be a real positive sign if we hold and close up. Nothing goes up forever, but nothing goes down forever either and we have come to some lows unimaginable by most. Good luck. Ray