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To: Gary M. Reed who wrote (34850)5/23/2000 7:13:00 PM
From: John Graybill  Read Replies (1) | Respond to of 42523
 
Galvin is already on the job:

Nasdaq sets low for year
Tech sell-off enters day five as interest rate concerns continue unabated
By Staff Writer Jake Ulick
May 23, 2000: 5:20 p.m. ET

Still, some analysts blame the losses more on sentiment than fundamentals.

"Psychology has changed dramatically since the March 10 high," said SunAmerica's Gannon, who argues that companies and earnings prospects are still in good shape.

Tom Galvin, chief investment strategist at Donaldson Lufkin & Jenrette, agreed.

"I don't think that the fundamentals have changed dramatically," he told CNN's Street Sweep. One of Wall Street's better-known bulls, Galvin recommends that investors continue putting money into stocks.

cnnfn.com