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To: Eliz2 who wrote (20833)9/1/1998 12:41:00 PM
From: Sonny McWilliams  Respond to of 27012
 
Hello Eliz. Too bad I was not home this morning. Someone read my post to Frank this morning and bought all those good stocks from under my nose. Just kidding. But the way those stocks were taken down was kind of crazy. Maybe sanity has returned. But who knows what some of those big guys are doing. I could not remember this morning who was accused by one of those Asian countries of manipulating their currency. I am still not positive but I think it was G. Soros. Whoever it was, he denied it. But the G. Soros's funds have lost a mint in Russia. Sev. billions I understand. Anyhow, who knows for sure what's going on. Some investors got scared out of the market yesterday.

There was whining on all the business shows yesterday and even early this morning that the economy or earnings will slow down. Well purchasing orders showed an increase which should bode well for the economy. Maybe things will straighten out soon. If all those little Asian countries make investors keep their stocks for 1 year, maybe those markets with their meager flow cannot be manipulated, if that what is causing it.

My portfolio sure looks better today. Like some of those sane analysts are saying: In 5 years all this will be hardly noticed on the long term charts. But I am sure we are not out of the woods yet if we are listening to those bad news bears. gg.

Sonny