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To: Stitch who wrote (264)	12/3/1998 8:46:00 AM
From: LK2	Respond to of 1989

Europeans take a lesson from Greenspan and finesse their stock markets (or is it the economies, stupid? I am getting seriously confused whenever I look at the stock market or what it's doing to what I own). A bunch of European interest rate cuts today (Thursday, Dec 3) reversed a drop of as much as 17 S&P 500 points in the Globex to a move into positive territory. Major European stock markets also swung from heavy losses into positive territory for the day. Is this a one-day happening, or does it mean that European (and US?) stock markets are increasingly likely to remain in positive mode for the next several months? Regards, Larry