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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (2833)	1/13/1999 9:29:00 AM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

Re: Brazil - US markets to open down - S&P futures way down this AM: usatoday.com Most of the world markets are down......... quote.yahoo.com Hold on to your wallet! Let's hope it's a "short-term" market pullback. Some stocks could get wacked, however (Coke, financials, etc.). Brazil is our second biggest trading partner in Latin America. It will be interesting to see what happens. This coupled with the "early" release of the PPI (again) & Intel & Yahoo's earnings announcement after yesterday's close. Could this be a possible buying opportunity?

To: Justa Werkenstiff who wrote (2833)	1/14/1999 3:25:00 PM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 15132

Market Commentary As I said last week, the market was ripe for a correction and it looks we might have one here. Everyone should consider that we once again, like last fall, have a confluence of events that could once again feed off one another: (1) Brazil, (2) impeachment, (3) seasonal flow of money drying up, (4) overvaluation of the market, and (5) high sentiment. I thought the fat money shot a wad yesterday to a certain extent in becoming dipsters in the face of the news from Brazil which is the proximate cause of this correction in the making. Time will tell if there is any fresh money coming in in light of the recent events. Now portfolio managers have their first excuse of the year to sell some positions in their annual effort to underperform their benchmark index.