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To: Wally Mastroly who wrote (4201)	4/1/1999 10:28:00 AM
From: Wally Mastroly	Read Replies (1) \| Respond to of 15132

Wall St.: Happy ever after (with Ralphy & Abby)- "First quarter ends strongly for U.S. stocks with expectations of more gains" cnnfn.com - DOW vs broader market/S&P 500 (1Q99): quote.yahoo.com^DJI&d=3ms - NASDAQ vs broader market/S&P 500 (1Q99): quote.yahoo.com^IXIC&d=3ms - For 1Q99: S&P 500 up about 4.6% DOW up about 6.6% NASDAQ up about 12.2 % All, of course, off their highs.

To: Wally Mastroly who wrote (4201)	4/1/1999 10:31:00 AM
From: Alan Whirlwind	Read Replies (2) \| Respond to of 15132

Wow--look at the Dow crash now! I warned people this bombing was a stupid idea. Rueters 01/04/99: Unconfirmed reports of the explosion of a nuclear device near the Kosovo village of Derersteap Ril have led to panicked waves of refugees fleeing across the Macedonian border. Radio reports from Belgrade have indicated scores of military casualties along with heavy loss of civilian life in what has been termed, "a bombing campaign of fear and intimidation with terror weapons that has no conceivable military purpose." Russian President Boris Yeltsin has placed the Russian military on high alert. Five Russian naval ships on their way to the Adriatic Sea since early yesterday have been recalled and Russian MIG-21 fighter jets have been scrambled along the country's southwestern border. Air Force officials have indicated that due to a shortage of cruise and Tomahawk missiles, the White House Office of Management and Budget over the past two weeks had granted permission to reprogram $51.5 million of FY99 missile procurement funds which included the modification of 92 air launched cruise missiles from nuclear to non-nuclear warheads with the installation of advanced guidance hardware, the Global Positioning System. US Defense Dept. officials have refused comment on speculation that one of the unconverted nuclear warheads may have inadvertantly been put into play in the NATO bombing campaign in the former Yugoslavia. NATO spokesman Jamie Shea said NATO would release a statement within the hour. Wall Street has reacted violently to the news. After a morning opening above 9900, the indices has plummeted over 900 points to under 9000 for the first time in almost two months. White House spokesmen so far have avoided comment, however reports from insiders suggest a White House in total shock and disarray upon receiving word of this morning's events.