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To: Dorine Essey who wrote (63748)	9/4/1998 4:28:00 PM
From: JRI	Read Replies (1) \| Respond to of 176387

Hey Dorine...Caught you... (Let me play the short-term guessing game)...I think the run-up late this afternoon means traders think the market is going higher on Tuesday...they wanted to get in early...Guess we'll see....(Doesnt really matter, does it?) I am laughing at the market right.....Moody's downgrades Brazilian debt.....The Brazilian market sells off 10%....And on CNBC, commentators and traders claim that the U.S. market is down due to the BOVESPA (the Brazilian market) being down 10%....That is ridiculous... The market is (unreasonably) emotional now..The risk of a U.S (and European-wide) recession is very low.....only could happen if the downward spiral (of world economies) would keep going down & down AND the Japanese would do nothing AND Greenspan would do nothing (not lower rates).....The odds of these things happening are very slim...IMO ... Uh oh, the car is running, bye.....