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To: NickSE who wrote (69253)	10/16/1999 9:40:00 AM
From: NickSE	Read Replies (2) \| Respond to of 86076

..."We have been in a stealth bear market," Merrill Lynch & Co. stock analyst Walter Murphy said. "It almost goes without saying: The rally that began in October 1998 is over. Now, we are correcting the excesses that built up."... ..."The market got awfully rich, and now people are cashing out," Yardeni said. "It's a seasonably weak period, anyway. And looming over all this is Y2K," the possibility of computer disruptions when the calendar turns to the year 2000... ..."It's been bloody," said Wayne Howe, an inventor who day-trades stocks from his home in Columbus, Ohio. "Lately, everybody I know has been very, very scared."... ..."I haven't come across many people who have bet against Alan Greenspan and won," said money manager Jim Gribbel of the Babson Growth Fund, which has been getting out of hot performers such as Anheuser-Busch Cos. "Anyone trying to fight the Fed in this market is coming up short-way short."... washingtonpost.com