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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (767)	4/4/2000 2:45:00 PM
From: Chip McVickar	Respond to of 33421

Yes, Indexes have taken back 50% and more.... Probabably goes sideways...everyone in the pits must be exausted. Can't keep up with the computers. Or with Clinton. Maybe this turned the markets...UP! Tuesday April 4, 2:01 pm Eastern Time White House says U.S. fundamentals remain strong WASHINGTON, April 4 (Reuters) - A top White House economic aide said on Tuesday that U.S. economic fundamentals remain ``quite strong,' but declined comment on the sharp drop in U.S. equity markets. ``We believe that the very fundamentals of our economy look still very, very strong,' Gene Sperling, chairman of the White House National Economic Council, told reporters. Sperling declined direct comment on the sharp drops on Wall Street, where the Dow Jones Industrial Average was down about 1.5 percent at about 11,050, and the Nasdaq composite index was nearly 8 percent lower at about 3,895 in afternoon trading. Both were well above their session lows. ``The underlying fundamentals of our economy remain quite strong. Obviously we monitor all of the variables out there, certainly oil prices have been something we've been monitoring .. and certainly we will monitor developments in the market as well,' Sperling said.