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To: Eliz2 who wrote (21056)9/25/1998 12:09:00 PM
From: Sonny McWilliams  Respond to of 27012
 
Eliz. Re: Question: Around whos arm is the handle.

Right. This is the 64 thousand dollar question. We can guess who brought all that stuff about. I heard this morning that a lot are blaming Indonesia and Russia on the IMF, Mr. Rubin and the like. Talk was that they asked Indonesia to devalue their currency. I have to check into this closer. A lot of good it will do now to know for sure what happened. The point is it happened and it looks like a lot of that stuff was mishandled. Sometimes it is better to leave your fingers off things. Maybe the reason we have such a good economy here at this time is that the Congress decided to do less governing. Less laws passed the better. We also know that Latin America's problems are associated with Asia's problems. You could almost say that the whole thing is a "WAG THE DOG".

Banks are in trouble again today and may be for some time to come. The trick is to find out which ones are ok. Banks won't lend to YOU if you need the money but look risky. At least on the whole. So why stick Savers money into risky countries without some kind of guarantees?

Same thing with that Long Term Capital Hedge Fund. Get quick reach scheme. Why would banks lend money for that? That's making the market volatile again the last cpl of days.

Anyhow, AOL looks good and I am sticking with the market. May be another volatile 3 weeks coming up. Things look better at this time considering where the markets opened up at. Bulls and Bears are having a hey day today trying to get the upper hand. Bears are front running or maybe it's scared investors.

I had enough for this week. Glad to see the weekend. Have a good one.

Sonny