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To: Joseph G. who wrote (7475)	10/3/1998 12:31:00 PM
From: Joseph Pareti	Read Replies (2) \| Respond to of 86076

well let's see ... I don't really believe the charts stuff but there are some major concerns that could exacerbate equities decline : (1) Japan is the issue number one : $1tn worth of bad debts, potential repatriation of funds if the nikkei remains below 14000, (2) LTCM was not the only fund in s**t; there is uncertainty and speculation around who are the other guys and how exposed they are. LTCM was immensely leveraged, a feature already present in the 1929 market when people bought "on margin" (3) Europe may not be as solid as we thought prior to the German elections. Likewise the impeachment is still hanging like a Damocles sword when this is the last nonsense we can all afford. So, is Barton Briggs right ? dead-cat bounce to 8200 and then "plunge into the abyss" OR are Elaine Garzarelli and Abby Joseph Cohen right? They were at least right last year, and now interest rates are even lower. I see you believe in gravity, I am still looking for arguments against it :-) hmmmmm