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To: Paul Shread who wrote (40314)	1/8/2001 1:56:30 PM
From: JRI	Respond to of 42787

Yes...took another look at the Naz "leaders"..they are still well-off their lows...Csco especially has come back strong since this morn., on heavy volume...perhaps run-up to the presentation you mentioned (hopefully, the news WON'T get sold).... Given we've gone down as many as 7 or 8 down days in a row on the Naz (without an up) since September 3rd, I don't know if "being down 3 days" in a row really means anything...we could go down even more often in the next few days, based on the pattern the last few months.. Naz continues to have no juice...

To: Paul Shread who wrote (40314)	1/8/2001 2:04:16 PM
From: JRI	Respond to of 42787

Oh, agree with the volume statement...that is good eom

To: Paul Shread who wrote (40314)	1/8/2001 2:45:05 PM
From: JRI	Read Replies (1) \| Respond to of 42787

Via CNBC (I know, I know..consider the source)...but I just heard something (that I consider pretty amazing).. Report summarized Fed govenor McTeer's comments earlier today......McTeer made a comment to the effect that the Fed is monitoring the weakness in the Nasdaq (along with weakness in manufacturing, and, I believe the dollar).. Now, perhaps CNBC got the quote SOMEWHAT wrong....but would they actually subsitute "Nasdaq" weakness for "market" weakness (?) in his quote. I don't think so. If they did, they are completely inept. If McTeer did say "Nasdaq"...that would be a first time (I can ever recall) that the Fed recognized the Naz specifically ......that's pretty powerful, no? Floor on the Naz?