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To: donald sew who wrote (52693)	9/15/1998 2:45:00 PM
From: Arik T.G.	Read Replies (1) \| Respond to of 58727

Sorry, I don't follow the tick. Re : orchestrated I first got that feeling a week ago, when the market rallied before the labor day weekend, and then I noticed a few down days where the future started rising JIT for program to make the imbalance read to be to the buy side. But those were only vague thoughts, nothing to chew on. OTOH, I already posted today- Who would want to buy stocks (enough to push the market up) yesterday and today, and why? ATG

To: donald sew who wrote (52693)	9/15/1998 2:52:00 PM
From: AlanH	Respond to of 58727

Soros commenting to Congress: [paraphrased] Initially, US benefited from peripheral (ie, international) economic declines. However, as the periphery has continued to decline the center [presumably, US] could not escape negative impact. [I take this to be a warning similar to that from AG, although Soros has suggested that we are already feeling the sting.] Fundamental problems which have been revealed: * Russia revealed flaws in international banking structure (ie, Russian banks default while Western banks honor customer obligations.) * While Russian meltdown was accidental, Malaysia was an intentional default -- impacting neighboring economies and making it more difficult for similar economies to acquire capital. * IMF programs have been proven ineffective and have run out of cash. Proposes public policy to ensure international financial stability. Suggests that IMF refunding will be inadequate. Unless Congress revises its approach rapidly, US markets cannot escape global financial crisis. [All in all, a sobering address. Still in progress on CNBC...]