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To: Teresa Lo who wrote (24179)	6/27/1999 2:29:00 PM
From: Robert Rose	Read Replies (2) \| Respond to of 41369

<As for the market in general, I am wondering what kind of market is at work when many internet stocks have to double to be back to where they were. I mean going from $10 to $5 to $10 is one thing, but going from $200 to $100 to $200 is something else. Has real wealth been destroyed and has investor psychology been damaged? > I don't think investor psychology will be seriously damaged until most internet investors actually LOSE money on those investments. Right now, sure, most of us are down significantly from mid-April, but are still up, or up significantly, from the New Year. So yes, we are apprehensive, but we assuage our apprehensions by our awareness of our relative prosperity (vis-a-vis 1997, for example) and by our belief that the internet is still very much the future, despite the current correction. Less important, but also worth noting, many individual investors like myself live, eat and breath the internet, and to abandon these stocks would, on an emotional level, be like abandoning a baby.