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To: drsvelte who wrote (12515)	3/16/2000 5:51:00 PM
From: SJS	Respond to of 14427

T3 - I would hate to see CNXT get bunched in with GALT and GNSS....but it might have to base for a long time. BRCM is certainly wearing the T1 crown these days, though. Steve

To: drsvelte who wrote (12515)	3/16/2000 9:16:00 PM
From: SJS	Respond to of 14427

Briefing.com's evening message on today's events: ______________________________________ So much for sending a message to Alan Greenspan and his crew that the wealth effect is being contained. On Thursday, investors caught another glimpse of the speed with which this market moves, and the tremendous amount of liquidity that is driving it as the Dow and S&P turned in a history-making performance, and the Nasdaq digested a 10%+ pullback as easily as a fraternity boy digests a 6-pack of beer. True, the Dow stole the show, but the Nasdaq has succeeded in stealing the hearts of investors who have nurtured it into what it has become today, and like doting parents, can't bear to see it suffer. Frankly, it is easy to understand why considering how good the technology stocks have been for their portfolios. Of course, the tech crowd realizes some give and take is necessary every now and then, but it certainly appears that they are unwilling to give more than 10%. You see, under current conditions, pullbacks of that magnitude in the Nasdaq is where their pain threshold is reached. That was evident yesterday when the Nasdaq entered correction territory for the third time this year only to stage a strong, broad-based comeback effort like it did the two, previous times. How long this staunch defense can continue is anyone's guess, but until traders see convincing evidence that the economy is slowing, there is no reason to believe they won't continue to put up a fight to keep this tech rally going-- even if that means fighting the Fed. HAPPY ST. PATRICK'S DAY!