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To: Nemer who wrote (29916)	3/13/2001 7:42:18 AM
From: Ron McKinnon	Read Replies (4) \| Respond to of 53068

paininthearsetexasmaninbermudashorts so today is a combo rain/sleet/snow 3 degrees lower and it would be another foot of snow 20 miles North of us it is white the concern today is street flooding (clogged drains) and roof caveins from the weight of rain on the snow as to the QQQ's sure, they could fall a lot lower but I feel the need to do something so 7% in them is livable a 50% drop from here (nasd appox 1000) is an equity loss of 3.5% livable to ohers here: this market fall is NOT the result of some grand plan there is not a small group of gnomes sitting in Switzerland taking away all out money sure, a few hedge funds have made a killing on the short side but overall the loss is shared broadly the market went up 200% because people bought stocks it has fallen because people have sold but look at a 10 year chart of the broad market things are not that far off of a "normal" return level interesting that a year ago Warren Buffet was just an old fuddy duddy who was out of touch with reality and did not understand the new pair of dimes this week he is a hero, yet again frusted in fishyman