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To: Lee Lichterman III who wrote (16440)	10/7/1998 9:01:00 AM
From: Electric	Respond to of 42787

Lee, I have to think about what is over the horizon, and to me seeing the US giving money to the IMF or Japan talking again about changing things dosent really make me feel there are real changes in the upcomming future. These things have to run their course. Recessions occur, the length of time is determined by how the country reacts to the recession. I think we are in one on a global basis, and it will and has had an affect on us. Even at these lower levels in the markets, the PE's arent low enough for investors to come in based on that criterion alone. I am cautiously watching here, but not going long period. Maybe after earnings are digested I might consider it. DELL is at the end of the period, so that I like. I never claim to know alot though.. :} later..