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To: Terry Whitman who wrote (38119)	12/15/2000 10:26:39 AM
From: Les H	Respond to of 42787

I see more disgust than anything else. Disgust is usually accompanies by at worst jawboning and even grudgingly adding funds, but no real action on the part of the investor. Disgust is usually manifest by people shutting off quotes, CNBC, etc., to avoid seeing their stocks or funds drop.

To: Terry Whitman who wrote (38119)	12/15/2000 10:28:12 AM
From: Paul Shread	Read Replies (2) \| Respond to of 42787

Island reversal on COMPX today would only call for a retest of the lows, FWIW. November 30 close was 2597.93; going to take a lot to close under that this month.

To: Terry Whitman who wrote (38119)	12/15/2000 10:46:57 AM
From: Philipp	Read Replies (1) \| Respond to of 42787

Your anecdotal evidence is certainly different than mine. Could well be. I live on a different continent (Europe). But I am still amazed about how relaxed my sources are. Someone commented on the P/C ratio. P/C ratios have nothing whatsoever to do with Joe6Pack, unless your definition of Joe6Pack refers to the small investment gambler who wants to become rich quick. So far the market hasn't taken the latest news too well, but it still seems too early to me whether we are in the process of forming a proper bottom or are getting ready to fall off the next cliff. I still think this is not the moment to be too pessimistic. Good trading. Phil