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To: Lucretius who wrote (6156)	12/21/1998 1:27:00 PM
From: The Ox	Respond to of 14427

Just got back from skiing in St. Moritz, Switzerland. After reading the 200 or so posts from the prior week, I find my overall perspective unchanged. One issue I'd like to point out, the world still looks to the US as a safe haven. Even as Asia attempts to recover and Europe enters into their new currency situation, the US is still looked at as the best bet going forward. Technological advances are being seen everywhere and the US's lead in this sector should continue. Many Europeans look to the US bond market as the safest place to be. They also expect the bond market to be the best indicator of potential trouble. Lower interest rates should fuel business growth throughout the world. Worldwide communications demands are ever increasing. For those watching the oil sector, the consensus seems to be that there will not be any let up until at least March 99 at the earliest. Very bearish on Oil and commodities in general. Just thought I'd pass this along. Michael