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To: shamsaee who wrote (13357)	4/14/2000 3:42:00 PM
From: Grandk	Respond to of 35685

Damn, they really enjoy rubbing it in... Wall St could see more bloodletting: CSFB's Callies NEW YORK, April 14 (Reuters) - Bloodied U.S. markets could see still more selling before they stabilise, Christine Callies, chief U.S. market strategist at Credit Suisse First Boston, said on Friday. ``We might have to sit through a few more days of unpleasantness before this is exhausted,' she told Reuters. The Nasdaq composite index (^IXIC - news) was off 275 points, or 7.49 percent, at 3,401 points in Friday afternoon trade, as inflation fears pounded markets. The index is off 24 percent for the week, an unprecedented drop for a major market gauge. The blue-chip Dow Jones industrial average (^DJI - news) was down 468 points, or 4.28 percent, at 10,455. Callies said markets were looking in vain for signs of ``capitulation', where investors have finally thrown in the towel and sold stocks. The phase is usually marked by volatility, wide price swings and high volume. It is especially roiled by investors who have bought stocks on margin -- simply put, by borrowing money from a broker -- having to sell stock to pay back loans. However, dealers have reported relatively quiet trading despite the downturn. ``Quiet is not a good thing,' Callies said. She added that many technology shareholders shares were hanging on with, ``the assumption that the shakeout would be fairly brief and wouldn't cut that deep.' Callies was keeping her asset allocations intact with 55 percent shares, 30 percent bonds and 15 percent cash.