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To: Tony Viola who wrote (21101)	10/6/1998 1:16:00 AM
From: Sonny McWilliams	Respond to of 27012

Tony. Sorry. I did really only write this one long post to Margaret on Monday and then went off to watch my stocks go down and to watch the hearings. You did know about the hearings? Quite a few people seemed to have taken off to watch this repeat of 25 years ago. I came on to check my Yahoo and saw your post. I am not even sure how big my damage was on Monday. I know it was big. The Dow came back nicely but the NAZ was a disaster. So were my tech stocks on the New York exchange. I have no idea what makes people think that companies are suddenly worth so much less than a cpl of weeks ago. I can only think, like I mentioned in my post from Monday, that some of those funds, including brokerage houses, that played risky in the market, have been liquidating and are now downgrading all kinds of stocks after the fact and will probably upgrade again when they have bought back at lower prices. All this of course has the effect that the little investors have been getting worried and I know that some of my friends have now switched out of some of their stock holdings in their retirement funds. I would say that this is a pretty vicious circle. Analyst's are now all over the place on everything and anything. This Yardeni guy, I forgot which bank he works for, is spreading doomsday stuff when it comes to the Year 2000 problem and thinks that the market will be trading in a range between 7400 and 8300 but it could very well go lower now and when we are nearing 2000. About Cisco. I read this article that one of those GOV agencies are looking into NT, Cisco and LU. Yes, it was about getting together to divide the market. The cos are denying this and said they are only talking from time to time about standards. Otherwise they are in plenty competition with each other. LU evidently said today that the GOV said they were not looking at LU. I am sure that we will hear plenty of rumors in the near term. I don't think much came out of the G7 meeting today. I guess it would be appreciated if we poured money into every failing economy around the world. Clinton seems to think so too. gg. That ought to help out the stock markets. After all, if we can't get a tax cut, fixing Soc.Sec. right now is probably just blowing hot air, lets spend the 70 bill. surplus on other countries and therefore we will help ourselves. gg. I think we are caught between a rock and a hard place right now or maybe we are at the mercy of those big players. I will check my damage now and if I see some good news, I will post it. Maybe the futures are up big time. If not, I will go to sleep without posting again. gg. BTW. I am with you. I would love to have some dry powder now. That's what those analyst's are saying we should have. My dry powder got lost in the market down turn, since I am still on margin. Maybe I will go into a deep sleep and wake up when all this is over. On second thought, I will wait until Wednesday and go to the Outer Banks of North Carolina. Too bad we have CNBC down there too. gg. Since you posted at 3:30 I guess you noticed that some of the techs came back a bit. I saw Msft at 96 at one time. Could have been lower. Sonny Hm. Not bad so far. cme.com I told Margaret that I thought the market could come back on Monday late and then go up on Tuesday. It worked on Monday and if it works today, I will do some more predicting before I go away. gg.

To: Tony Viola who wrote (21101)	10/6/1998 2:12:00 AM
From: Sonny McWilliams	Read Replies (1) \| Respond to of 27012

Hello Tony. I did find one article worth posting. I was wrong. I guess you could say that the G7 meeting produced some kind of accord for the financial markets. Well, maybe more for Banks and Hedge Funds. They want to know from the Banks and Hedge Funds how much they borrowed. Very interesting. Like I said in my post from Monday. Why did they not ask for this stuff before? Talking about sticking your head into the sand. Yeah, that hedge fund guy, Soro, has all the answers now that he lost a lot of money gambling. Same guy that was accused by one of those little Asian countries of messing with their currency which he of course denied. It could have been Malaysia or Indonesia. biz.yahoo.com Oh wow, got to be up in less than 5 hrs. Sonny

To: Tony Viola who wrote (21101)	10/6/1998 5:29:00 AM
From: Yaacov	Read Replies (2) \| Respond to of 27012

Hi Sonny, So far Europe looks good. I am off to play 18 holes under the rain. Have to keep the grips dry. RGDS. Yaacov LONDON (Reuters) - European stocks posted early gains Tuesday, boosting bourses in Frankfurt, London, Madrid, Paris and Zurich. On the back of a 50 basis point cut in Spain's money market rate, the Madrid general index climbed 2.57% or 16.51 points to 658.8. Like other markets, Spain was also encouraged by gains posted in Tokyo. London's FTSE 100 climbed 1.59 percent early on, adding 74.1 points to 4722.8. Better-than-expected third quarter earnings from Motorola on Monday helped sentiment. Value was seen in leading UK shares after the FTSE 100 index dropped 400 points in the last three sessions and Lehman Brothers forecast a rally into the year-end. Frankfurt's Xetra Dax index gained 2.28 percent, inching back 90.34 points to 4061.33. It closed below the 4,000 point support level Monday. Deutsche Bank shares were the most heavily traded, recovering 1.36 percent to 84.61 marks from earlier losses after a third-quarter profit warning as bargain-hunters moved in. Bayer led early advancers. France's CAC 40 gained 2.11% early on, adding 62.86 points to bounce back through the 3000 point barrier at 3042.75. In Zurich the SMI rose 2.31 percent, adding 118.4 points to 5244.9. The dollar was weak, plumbing fresh 20-month lows against the mark at 1.6308 and below 133 yen. It was weakened by concerns of a global credit crunch, which raised the chances of a further U.S. rate easing. "A lot of the dollar's weakness is down to expectations of further cuts in U.S. interest rates; we've not seen the end of it yet," said Jeff Woodruff, currency exchange strategist at BankBoston in London. Though the weekend G7 meeting did not yield any signs that coordinated rate cuts were planned, last week's easing by the United States and Canada, speculation of a UK rate cut this week and the Bundesbank's more conciliatory tone on Monday for lower rates suggests some coordination is emerging by default, said Woodruff. However, a German rate cut soon is seen as remote, keeping the balance of risk towards a softer dollar and stronger mark.