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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (20469)	9/17/1998 12:48:00 AM
From: George Mc Geary	Read Replies (1) \| Respond to of 50167

Roebear, I do not think it will look good tomorrow on open, check this out: biz.yahoo.com Also Hong Kong and Japan both down over 2.3% at this time and SPZ fair value was about +2 to the cash close, now down about 4. Will have to wait for Germany to open to know for sure but we may be down at open and stay down for the day.

To: Roebear who wrote (20469)	9/17/1998 1:56:00 PM
From: James Strauss	Read Replies (2) \| Respond to of 50167

Manic Depressive Market... ~~~~~~~~~~~~~~~~~~~~~~~~~~~ These fickle mood swings of the market resemble BEAR market activity more than Bull market activity... The fact that the world markets are hanging on desperately to the possibility of a FED rate cut implies that there is not a lot of good earnings expectations to move the markets higher... A rate cut can be likened to a company cutting expenses but not growing revenues... So, we get an artificial pop to earnings without real business growth... Unless Business/The Economy can sufficiently grow their Revenues/Earnings, even a rate cut might not have the punch the markets are looking for... Earnings growth is still the most important factor that drives stock prices... Jim