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To: marcos who wrote (22015)	10/20/1998 5:11:00 PM
From: CIMA	Respond to of 116764

Good morning to you all. As investors continue to move markets into higher ground, the fundamentals surrounding them continue to paint a different picture. This morning, the US Commerce Dept. reported the US trade deficit sat at a record $16.8 in August, as the Asian crisis pushed exports down for a fifth straight month. This fact makes it quite clear the US is importing far more goods than it is exporting, which can not be interpreted in any other way than negative for the economy. The trade deficit figures may account for the Federal Reserve Board's unexpected rate cut last week. <underline>At the current rate, the trade deficit is running at an annual pace of $165 Billion, about 50% higher than 1997's deficit. </underline>In addition to lower exports by US industry, business has also had to worry about competition from cheap imports. CONCLUSION The trade deficit figures are painting the real picture here. The trade deficit is on track to finish at 50% above last year's levels. As such, if US companies are to continue reporting earnings growth and supporting current stock market valuations, they are going to have to count on the US consumer. Failing which, we could see a complete collapse in the stock market, which would send shock waves through every global stock market. AGORA continues to remain defensive and continues to use the current stock market momentum to raise cash. Any equity positions taken in this environment will strictly be short term trading opportunities. Have a great day. Regards, Agora. <bold> </bold> The Investor's Investor. Published by Agora International Enterprises Corp. © COPYRIGHT 1997-1998 by Agora International Enterprises Corp. ALL RIGHTS RESERVED Information provided by the Investor's Investor is intended to level the playing field between small and large investors by effectively and swiftly disseminating information to all those interested or in need of information pertaining to stock market event s, global events and any other event which may effect their financial position. Information presented by The Investors Investor is not an offer to buy or sell securities referred to herein. It is strictly for information or entertainment purposes, highly o pinionated and not in any way guaranteed as to accuracy or completeness. Readers are urged to obtain complete financial and other information directly from their investment advisor or the company. We are not liable for any investment decision. We are not a n investment advisor, analyst, market maker, money manager, stockbroker, etc. The Investor's Investor maintains a model to demonstrate methods of portfolio management and to track our feelings with respect to the markets. However, because we buy a stock for our portfolio, it does not mean you should go out and buy that stock for your portfolio. This is the same common sense you would apply when a complete stranger buys stock for their portfolio. Only you know your circumstances, your resources and your needs. We do not. We are not investment advisors and do not purport to tell people, or suggest to people, what they should buy for themselves. We never issue "Buy" or "Sell" recommendations, and we don't give personal investment counseling. We hope our information and immediate reporting of events supplies you with the complete knowledge of information necessary to help you make a fully informed decision as it pertains to your individual investment philosophy. DISCLOSURE STATEMENT AGORA INTERNET RELATIONS CORP. receives a monthly monetary fee from Mirandor Explorations Inc., Sideware Systems Inc., King Communications International and Valu-net Corporation for the purposes of communicating with Internet shareholders - both current and prospective - to increase awareness of and interest in these companies AGORA INTERNET RELATIONS CORP activities are aimed purely at keeping their clients' shareholders and prospective shareholders informed about their company. These activities consist of providing investors with previously disclosed factual information concerning the company, comments from company principals, copies of material that has been filed with regulatory authorities, comments prepared by registered brokers or investment dealers and material published in newspapers, magazines or journals. AGORA INTERNET RELATIONS CORP does not participate in the maintenance of an orderly market in their client's securities, nor is required, or receives an incentive for, the maintenance or achievement of a price or trading volume for their client's securities at a certain level, for a specified period of time or by a certain date. AGORA INTERNET RELATIONS CORP. may, at any time, own shares in these companies.