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To: AllansAlias who wrote (42176)	11/29/2000 7:51:36 PM
From: peppe51	Read Replies (1) \| Respond to of 436258

Good point Allan. Was reading Richard Russell's comments tonight and he mentioned that he believes we have entered the second phase of the bear market- a phase where wealth is slowly destroyed over a long period of time- this in conjunction to clowns learning what market realities really are out there. Not that the first phase wasn't brutal (according to the WSJ $2.9 trillion was destroyed since March 1 of this year!). But while in the first phase stock prices went down while the economic news was still positive (or so reported), in the second phase they will go down amid a flurry of bad news. The Dow Jones should be meeting the bear head-on soon.