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To: bill meehan who wrote (71951)	10/26/1999 7:05:00 PM
From: accountclosed	Respond to of 86076

lol! good luck with lunch!

To: bill meehan who wrote (71951)	10/27/1999 6:32:00 AM
From: accountclosed	Read Replies (2) \| Respond to of 86076

Bill, good spot on cnn. It's cool that you tell it like it is and stick to your guns. Thanks. For those that missed it, the questions almost all centered around the change to the dow 30. Bill speculated on how interesting it would be to see if people with dow targets next year of 13k or 12.5k would change those forecasts since the composition of the index was so different. I believe the exact quote was "It will be interesting to see if those forecasts are based on anything or are just nice, round numbers." Bill also pointed out that with a 13% turnover all at once would make it hard to have technical analysis of the dow mean anything due to the dislocation. The hype in the press about the change being "historic" he dismissed except in the possible case of in retrospect it being another warning sign of the beginning of the end.

To: bill meehan who wrote (71951)	10/27/1999 8:10:00 AM
From: accountclosed	Read Replies (1) \| Respond to of 86076

But William Meehan, chief market analyst for Cantor Fitzgerald in Darien, Conn., said investors ''realize that Intel and Microsoft aren't tiny companies that trade on the Nasdaq because they don't qualify for listing on the New York Stock Exchange.'' Meehan said that some of the heavy activity in the stocks on Tuesday reflected traders rearranging portfolios before next week when investments tied directly to the Dow will have to reflect the new makeup of the average. These include some $160 million in mutual funds that hold the same stocks as are included in the Dow industrials and ''diamond'' unit trusts traded on the American Stock Exchange. Meehan and others suggested that the Dow's keepers could have considered removing at least one other stock in its last change this century -- Phillip Morris Cos. Inc. The $74 billion food, beer and tobacco conglomerate, which is the world's largest cigarette maker, already has agreed to multibillion-dollar settlements of smoking-related lawsuits with the states and faces potentially huge judgments in pending cases brought by smokers biz.yahoo.com