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To: Lizzie Tudor who wrote (78282)	9/23/1999 7:46:00 PM
From: GST	Read Replies (4) \| Respond to of 164684

Michelle -- I understand some are more overpriced than others. The conclusion here, unfortunately, is that the market is about to shave 30% off all companies and then ask questions later. Great companies that in relative terms are not overpriced will get hurt -25%. The really over-valued will get nailed to the wall, -75%. That is what started today. It is a few weeks ahead of schedule -- investors would rather sell when there are buyers. Now we will see the mad scramble to adjust to the new valuation structrure without buyers. The Nas will have trouble holding the 2,000 level. Good luck.