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To: Les H who wrote (69445)	2/20/2001 8:30:02 PM
From: Ilaine	Read Replies (1) \| Respond to of 436258

I had CNNFN on this afternoon after closing, and Jeremy Siegel was saying he thought the Nasdaq had further down to go, it was still overvalued by historical measures, and the guest, didn't catch his name, was arguing with him, saying, "I thought you were in favor of long term buy and hold, because the market trends up over time, and you can't time the market, so how can you tell people not to buy now?" And Siegel was laughing at him, saying that valuations matter, and investor psychology and sentiment matters, and the anchor was laughing at the guy, too. Which is about as close as I've ever come to seeing an anchor on one of these programs laughing at a bull.