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To: Jim Patterson who wrote (63569)	9/3/1998 5:35:00 PM
From: D.J.Smyth	Read Replies (1) \| Respond to of 176387

<<You can not have it both ways>> oh yah. without arbitrage yes. with it implimented successfully, you can. so far it appears their implementation has been very sucessful

To: Jim Patterson who wrote (63569)	9/3/1998 9:37:00 PM
From: Greg Jung	Read Replies (1) \| Respond to of 176387

<"You can not have it both ways"> Yes you can! There are positives and negatives on every issue. Tonight I heard the employment report will come out. Will lower employment be good? not anymore, now it would indicate a US slowdown. A month ago it would show that the economy was not overheated. Higher employment good? no way! lessens the chance that the fed would look kindly to lowering interest rates. Would a weaker dollar be good? Yes, it helps Asia avoid the pending fratricide and lessens the impact of global deflation. A weaker dollar is bad because it will cause foreign money to flow out of US stocks. OTOH the interest rate will be low and that will help stocks. yada yada yada. If you ever get the answer, tell me, how many angels can dance on the head of a pin. Greg