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To: IceShark who wrote (7987)	10/7/1998 4:32:00 PM
From: John Dally	Read Replies (1) \| Respond to of 86076

OK, so we just blew through the 1997 lows. I guess the 1996 lows are next! tscn.com There must be a lot of MAX-PAIN going around!!!

To: IceShark who wrote (7987)	10/7/1998 4:33:00 PM
From: MythMan	Respond to of 86076

Yeah, last night on the tube the "market" was advertised as having a moderate up day. Keeping the Dow from tanking stems panic for now. Noticed alot of GE buying in last 30 minutes. -ng- I wonder if the 200+ point trading range will be mentioned <g> OTOH, headlines in most papers tomorrow will be AG talking about recession. That should spook someone, yeah? MM

To: IceShark who wrote (7987)	10/7/1998 4:38:00 PM
From: MythMan	Read Replies (1) \| Respond to of 86076

>>Raytheon to cut 14,000 jobs Defense contractor Raytheon Co. Wednesday said it will cut 14,000 jobs over the next two years, about 5,300 more positions than previously announced. The company also said it does not expect to meet analysts' expectations for the third quarter due to slowing business levels in its engineering and construction segment. << New CEO in waiting at this co... not unexpected.

To: IceShark who wrote (7987)	10/7/1998 4:40:00 PM
From: MythMan	Read Replies (1) \| Respond to of 86076

>>NEW YORK (Reuters) - J.P. Morgan & Co., the fourth-largest U.S. commercial bank, is predicting a recession in 1999. <Picture>Morgan said in a revised quarterly forecast of world financial markets that it expected U.S. real Gross Domestic Product (GDP) growth to drop to zero by the first quarter of 1999 and then shrink at a 2-percent annual rate in the second quarter and a 1-percent rate in the third quarter before picking up again in the fourth quarter to a 1.5-percent pace. << this hit the wire @ 4:29pm