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To: Brian Fraser who wrote (4574)	8/27/1998 8:50:00 PM
From: Greg Jung	Read Replies (1) of 86076

Brian your figures are wrong. Measuring from Jan1 (a short-term top off a depressed consolidation period) Dow was about 8000, Naz 1600. There are 4% lower prices around that. So we're close to even with Jan 1, much better than Dec 20 but this is a silly measurement from Jan1. I don't know anybody that cashes out on Jan 1 and establishes new positions. The sky isn't falling but the floor seems to be dropping!

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