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To: Uncle Frank who wrote (5458)	11/29/2000 5:39:30 PM
From: Larry S.	Respond to of 10934

good question UF. The main reason is that the techs and nets reach unrealistic valuations the beginning of the year. Most of the S&P stocks (health care, drugs, banks, insurance, energy, basic industry, etc) basically were flat or down last year. These sectors have seen inflows as money fled the over-valued techs. Also, tech has been over-represented in funds portfolio, are logical source for lightening or source of capital for other sectors. Additionally, tax loss selling made the tech selling that much worse. Basic industry and other sector stocks are in the accumulation phase this year, techs are in the distribution phase. at least for now. just saw the GTW warning, nasty. larry