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To: GST who wrote (79426)	10/3/1999 2:02:00 AM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

I think you could be right and the market could tank. The technical condition is a mess. But it was like this in November 1994, too. Money has been pouring into money market funds all spring and summer, sentiment is entirely too negative (for example your tom-tom), the weaker dollar is great for another kick higher in US corporate profits while profit margins of US corporations are already a record highs. We have prosperity. The Net is huge. There is a digital panic in progress. Get this: bandwidth cost (both wireline and wireless) is projected to decline 30% per year indefinately. Do you have any idea what that means for e-commerce? Joe Granville thinks we're in for the Big One within days. You two could be right. See you on the other side.