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To: UnBelievable who wrote (71551)	2/25/2001 2:09:56 PM
From: Les H	Read Replies (4) \| Respond to of 436258

That Bull Stearns is really on the ball. From 1/31... According to a January 31, 2001 Bear Stearns report, recent earnings disappointments or cautionary comments from Cisco Systems, Corning, Nokia, and PMC-Sierra have failed to cast a pall over the market. The firm notes that a market shrugging off bad news is bullish. Furthermore the route of 55% in the NASDAQ composite may have at least discounted negative near-term disappointments. However, Bear Stearns doubts the NASDAQ will revisit the 5000 area anytime soon but it may experience a spirited bear market rally.