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To: Glenn D. Rudolph who wrote (16355)	9/7/1998 1:27:00 PM
From: uptick	Read Replies (2) \| Respond to of 164684

Euro/Asian markets don't lead...they follow.. Greenspan merely shifted his opinion from inflationary concerned to a NEUTRAL stance, and the Asian/European markets treated the news like some Viagra antidote. This shows how pathetic these markets have become. The dow has decreased what?? 18% but most of these other markets have been DECIMATED. It will take any piece of good/bad news at full face value. Fortunately, our markets are a little more efficient than that. The bond and the equity markets have started to remove the Greenspan bias from its pricing weeks ago. If the asians & europeans can hold on the gain tomorrow, the euphoria might spread to Wall St. for a 2-3% rebound Tuesday, but S&P will have a rough week because the worst news from Latin American, Russia, and Japan haven't ALL come out yet.