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To: Sonny McWilliams who wrote (22037)12/22/1998 5:25:00 AM
From: Frank Ellis Morris  Read Replies (2) | Respond to of 27012
 
God morning Sonny,

This morning I see there is a fear that surging interest rates in Japan will cause that country to deepen further into recession. Those people over there have so many holidays and they do not do anything to stimulate their economy. Maybe we should not buy anything from them.

The S+P futures are slightly positive but negative on the Nasdaq

I decided to use that phrase from the army regarding AOL. "It is not for your to reason why, It is for to do or die" I bought more shares of AOL at 109 7/8 at the opening. I could not see taking on AMZN or YHOO because of their earnings where AOL is solid and is IMOP becoming another Microsoft. The deal announced yesterday between Dell and AOL was sensational and the movie "YOU'VE GOT MAIL" helped me make up my mind to grab more of AOL.

GLOBEX PRICES AS OF 12/22/98 04:15 AM TRADE DATE:
12/22/98

CONTRACT LAST NET CHGE
S&P 500 MAR99 1215.50 +90
NSDQ100 MAR99 1797.00 -600

The contracts change so often that it may improve by the opening.

Congratulations on your Onsale. What a great run it had yesterday

Have a great day and go see that movie

BTW the temperatures up here is supposed to plunge later today and we are getting rain at present.

Came back to say that the S+P futures just got better

GLOBEX PRICES AS OF 12/22/98 04:25 AM TRADE DATE: 12/22/98

CONTRACT LAST NET CHGE
S&P 500 MAR99 1217.30 +270
NSDQ100 MAR99 1799.00 -400

Frank