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To: Glenn D. Rudolph who wrote (16444)	9/9/1998 12:04:00 AM
From: Rob S.	Read Replies (2) \| Respond to of 164684

There is a lot of fear and that will keep the markets in turmoil for a while. But the "macro picture" is that the expansion overseas that has been responsible for much of the "icing on the cake" in sales and earnings growth among the multi-nationals (which have been in the prime spot to take advantage of it) has wound down. Meanwhile, the domestic and European economies are still robust and many small caps will not only not be effected much by the troubles overseas, but may actually benefit from them. I think this will force a shift in attention on Wall Street. So what anyway. The focus now is on the ticker-by-ticker action and finding companies that have good prospects - this big think mumbo-jumbo is entertaining but doesn't mean that much in the day-to-day. The fear has let go enough for the rebound to occur - "the charts never lie" - "it's in there". My "gut feel", besides what the Ta is telling me, is that there has been a digestion period and acceptance of the Russian thing and mostly of the Clinton affair for at least a few days. I think the mood of the country will probably change on Clinton to "he did a lot of good things, the economy has been mostly great, but he was so stupid about his sex life and other matters that it is time for him to go." The dems should find it much better to have Clinton step down and turn things over to Gore so that the public can get used to his much less affiable personality. Otherwise, the dems have no-one to field for the next presidential race, IMO. "Throw the bum out and let's get on with things" might well be the mood that will develop - like the Clinton Campaign repeated during his first run for the office - "It's the economy, Stupid."