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To: bobby beara who wrote (33983)	10/25/2000 9:30:40 AM
From: Paul Shread	Read Replies (3) \| Respond to of 42787

BB, I'm not sure that this is all that bearish (yet) - so far only the optical stocks are down big. If the market can deflate those stocks without doing serious damage to the major indexes, that could indicate that the broader market has bottomed. It's not how bad the news is, but how the market responds. When Brazil devalued in March 1999, it didn't put a dent in the market, even though it was probably worse news than the Russian default of August 1998. Has the market fully digested the notion of slower growth and a harder-than-expected landing? It's possible. Then again, sometimes the selling starts out slow and then snowballs. We'll find out which it is soon enough.

To: bobby beara who wrote (33983)	10/25/2000 3:22:36 PM
From: Paul Shread	Respond to of 42787

JNPR close to break down (~179). Next time you and I agree, let's both do the opposite. ;-)