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ASIA: Am still long Singapore from WEBS $6.00 (3-25) w/ current stop
tightened to $7.38. Also remain long virtually all other Asian markets, with
stops tightened substantially over last few days. (Malaysia, China, Korea,
Taiwan, thailand, Philippines, Indonesia, Japan and some region-wide funds).
EUROPE: Over past 3 days, stopped out of premature trades in Netherlands,
Austria, Russia, U.K., Sweden.... all basically flat trades or small
losses.... The Yeltsin & Rubin news hit these markets harder, I believe, and
bottoms are still in formative stages. Still hanging on to Regent E.
European region & Ireland. Generally, Europe is hinting at a bottom, but not
there yet.
LATIN AMERICA: Remain long Argentina, Brazil, Chile, Mexico and some region
funds from the Feb/March timeframe, tightening stops.
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