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To: Dave Taylor who wrote (69131)	10/5/1998 2:55:00 AM
From: Naggrachi	Read Replies (1) \| Respond to of 176387

<< Does 1000 pts on the S&P equal -10 pts as shown by GlobEx on CNBC? Yes, that's how I've been reading it.>> The only positive thing out of this is that the 30 year bond will be higher and interest rates will continue to make historic lows. If the gloom and doom does materilize to the full extent, then 3 1/2 if not lower percentage rates is not that far fetched, in the next 12 months, no? Zead In retrospect, the FED's move of a Q point was TOO conservative.