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To: Greg Jung who wrote (83134)	1/11/2000 2:27:00 PM
From: bill meehan	Read Replies (4) \| Respond to of 86076

Not at all, Greg. Where did you see that quote? It was taken out of context. Here's exactly what I said in last night's comments: "Validation of Internet valuations" was the catch phrase of the day, as tech stocks continued to roar back into the lead, driving the COMP to its biggest one-day point gain ever for the second consecutive session. After Friday's incredible rally there was little need for a catalyst to keep the tech ball rolling, but traders awoke to the news of the monster deal between AOL and TWX. While I'm far from convinced that the "merger" validates anything beyond the willingness to swap far from inexpensive paper for scads of very expensive paper, there was no question that the news would be greeted with unbounded joyousness.