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To: Michael Davis who wrote (12571)	3/4/1998 11:28:00 PM
From: Trader X	Read Replies (1) of 17305

I don't think that's an accurate assessment for tomorrow. While it may start off sucky in the morning, I think that it will end up being a turn-around day. The sharp morning sell-off will entice a buying frenzy by bargain hunters, and the day should end up. I'm looking to buy on the early weakness myself. A key reason for me not believing the market is heading into an intermediate downturn is that financial stocks are doing great, many setting new 52-weeks highs today, and bank stocks are among the best performers lately. That doesn't happen in a downturn.. Here's a one year picture of the S&P Bank index, chart.yahoo.com Looks pretty healthy to me, which means the broad market is healthy. We may get a period of consolidation, but nothing worse than that. -kh

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