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To: Terry Whitman who wrote (33178)	5/16/2000 12:41:00 PM
From: Mark Adams	Respond to of 42523

I think your correct, using a normal scale does show the exponential curve (blowoff?) better, but a log scale would give a better idea of where the market should trade at based on historical trends. Just looking at the chart, 4000 doesn't look bad. But we know that it's possible to overshoot the downside. A log chart might show 6000 as a decent level to bottom. What amazes me was how you could find great old economy stocks yielding 7% trading below book and at a decent price to sales ratio during the first quarter. Barrons suggested that this might be a result of the flight of capital from old economy to tech stocks, sort of a self reinforcing trend that began to unwind in April. The chart shows "market risk", IMO, just one type of risk involved in buying stocks. Anyone interested in Microsoft at $60? Cisco at $15?