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To: John Koligman who wrote (154176)	2/22/2000 11:48:00 AM
From: Frank Ellis Morris	Read Replies (1) \| Respond to of 176387

Before this debacle is all over you will not want to buy stocks at any price but will be trying to pick yourself up wandering what the hell happened? Tuesday February 22, 11:20 am Eastern Time U.S. stocks turn negative on rate fears in late morning NEW YORK, Feb 22 (Reuters) - U.S. stocks gave up their gains in the late morning on Tuesday as fears that interest rates will go up sharply spread, a day before Federal Reserve Chairman Alan Greenspan's second round of Congressional testimony. Some of the biggest losses were in the biotechnology and Internet sectors, which up until recently had seemed immune to the prospect that the Fed would hike borrowing costs substantially to slow the economy. ''I think this is a continuation of the selling on the presumption that interest rates are heading considerably higher,'' said Barry Hyman, market strategist for Ehrenkrantz, King Nussbaum Inc. Before it is all over there will not be one american shareholder who will tolerate Allen Greenspan heading the Federal Reserve or a democrat to be in the oval office. JMHO

To: John Koligman who wrote (154176)	2/22/2000 12:22:00 PM
From: stockman_scott	Read Replies (1) \| Respond to of 176387

The Naz is selling off sharply...FYI... <<Tuesday February 22 11:49 AM ET Nasdaq Off Sharply in Late-Morning Trade NEW YORK (Reuters) - Declining technology stocks drew the Nasdaq deeply into the red Tuesday morning, with the market composite index (^IXIC - news) dropping more than 2 percent, or 108 points, to 4304. Biotech shares in particular suffered, extending their downturn to a third session following a spectacular run-up earlier this month. The Dow Jones industrial average (^DJI - news) was down 82.29 points, or 0.81 percent, at 10137.23. The broader Standard & Poor's 500 Index (^SPX - news) was down 9.27 points, or 0.69 percent, at 1336.82. The benchmark 30-year U.S. Treasury Bond was up 29/32, with the yield at 6.088 percent. On the Nasdaq, decliners were leading advances 2,411 to 1,477 with more than 716 million shares changing hands. There were 166 stocks hitting new highs and 83 hitting new lows. The most active Nasdaq stocks were Microsoft Corp. (NasdaqNM:MSFT - news), off 1-9/16 at 93-1/2, Cisco Systems Inc. (NasdaqNM:CSCO - news), down 4-5/16 at 121-1/2, and Dell Computer Corp. (NasdaqNM:DELL - news), dropping 1-15/16 to 38-1/8. Among the biotech losers, Cytogen Corp. (NasdaqNM:CYTO - news) fell 3-1/4 to 16-5/8 and XOMA Ltd. (NasdaqNM:XOMA - news) lost 2-7/16 to 8-3/16.>> --------------------------------------------------------- It's interesting that some of my small cap. fiber optics and XML stocks (like CCBL, FBCE, and EXLN) are holding up VERY WELL in this market.....IMO, money continues to be rotated into selective small cap stocks. The 'DELL's of the world' will be OK if you are very patient and can tolerate A LOT of turbulence in 2000. Good Luck Investing Everyone. Best Regards, Scott