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Re: Singapore Stock Index & World Index Outlook



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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.