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To: Larry S. who wrote (21801)	1/4/2000 5:43:00 PM
From: Larry S.	Read Replies (1) \| Respond to of 53068

Lets put it in perspective: - We've had an incredible run in the market. Y2K fears inhibited the Fed from raising rates to the extend they would have. People had huge gains from last year that they didn't want to pay tax on. The market was extended and needed a pull-back. Its a new millennium. All of this combined to move a correction into a very broad sell-off. In truth, a much needed one. While today was very nasty, i personally do not believe it is the end of the world. nor do i feel the sell-off is done. But remember, the same forces that drove the stocks up, remain in effect. Relatively low inflation, strong economy, tech leadership, internet revolution. Keep the faith, don't panic, don't get stupid. I think that the stocks that have been the leaders will continue to be. They will be perceived as bargains now that they have given back 10-20%, even though they rececently gained 50%. larry