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To: Dragon 1 who wrote (4306)	10/15/1998 5:23:00 PM
From: The Ox	Read Replies (1) \| Respond to of 14427

AG has now pulled the plug on shorts twice in the last few months. The first round of shorts that got hammered were those short the Yen. When we propped up the Japanese, a lot of currency traders got slapped very hard! So hard, in fact, that those hedge funds started breaking down, aka LTCM. Today's punishment went to those who were short the US market and, in particular, those short the banking sector. For AG to move this quickly says it all! The problems we are facing are extreme. The snow ball is starting to roll down the top of the mountain. It's picking up speed and size as it continues down it's course. JMO, Michael