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To: Ed Forrest who wrote (141458)	9/3/1999 7:57:00 PM
From: jttmab	Read Replies (1) \| Respond to of 176387

Ed, I'm not sure that there are untold millions. I think it's more like a few, who are loud enough to sound like millions. <g>. I agree with you on the give and take. But I think it's to prevent wide swings in the market...just trying to temper the momentum. Didn't I see a story on Wall Street Week a few weeks ago where Louis had some accounting house crunch the numbers on market volatility...it showed that the 80's were more volatile on a percentage basis then the 90's. One of my pet peeves is how many people believe the evening market pundits. How do they know it's interest rate fears or profit taking? Do they do a survey? "Excuse me Ed, let me interrupt your trading...are you buying or selling; how fearfull of interest rates are you today(or this hour)?" I tend to believe that 9 times out of 10 the pundits don't have a clue as to what happened during the day...it was probably a direction that occurred at random and followed through the day based on program trading and day traders. But they can't hardly say...I don't know why the market went up today...so they make up something that sounds good. I'll pose this proposition: If the pundits really knew why the market moved then they should be able to predict pretty accurately what is going to happen tomorrow. Best Regards, Jim