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To: Peter Greenhill who wrote (89077)	1/13/1999 4:16:00 PM
From: Rich Young	Read Replies (1) \| Respond to of 176387

I'm a short-termer, so I'm going to ride this down a ways and then jump into the I-nut calls when they reach about 30% off yesterday's prices. I believe there was an initial period of denial when Asia and Russia blew up, too, which is what I think today was. I'm with Chuzz, I'd feel a whole lot better if we were down 400 DOW and 100 NAZ. This runup has just been too far too fast and the Brazil situation will only exacerbate the retracement down. Longer-term, you've got signs the domestic economy is still rolling along, which is a double-edged sword at this point. Japan is still sputtering and Latin America is on the brink of an Asia-style meltdown. With 45% of our exports going to Latin America, Japan still not in recovery, Germany starting to show signs of slowdown and a relatively weak dollar to top it all off, our economy is going to start to feel it even more. Just one man's opinion. Rich