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To: John Trader who wrote (51681)	9/7/2001 12:23:51 PM
From: michael97123	Read Replies (2) \| Respond to of 70976

John, I was just thinking about you when i saw this. Russia is so freakin big. So much cable to be laid. mike Friday September 7, 12:14 pm Eastern Time Russia fibre optic firm says Corning buys stake MOSCOW, Sept 7 (Reuters) - Corning Inc. (NYSE:GLW - news), the world's largest fibre optic cable maker, bought a quarter of a Russian factory for an undisclosed sum, TransTeleKom, the owner of the factory said on Friday. ``A deal on Corning buying a little more than 25 percent of shares in ZAO TRANSVOK -- a Russian factory which produces fibre-optic cable and accessories -- has been completed successfully,'' TransTeleKom said in a statement. ``The controlling stake of the factory was kept by ZAO TransTeleKom Company, set up by Russia's Railways Ministry.'' Corning Inc will help TRANSVOK in selling its produce, the statement said. TransTeleKom is building a telecoms network along railways and hopes to sell a 49 percent stake to a foreign investor for $1 billion.

To: John Trader who wrote (51681)	9/7/2001 12:30:30 PM
From: michael97123	Respond to of 70976

dow down 172 naz down 5

To: John Trader who wrote (51681)	9/7/2001 12:31:45 PM
From: Gottfried	Read Replies (2) \| Respond to of 70976

John and all, revisiting a Ken Fisher column of 4 months ago... >Fall Till the Fall Kenneth L. Fisher, Forbes Magazine, 05.14.01, 12:00 AM ET It is still a long way to this bear market's bottom. I stick by my forecast of an S&P 500 bottom below 860 (it's now 1240) and a Nasdaq nadir of about 1200 (from 2080 currently). Why? Sentiment hasn't turned dour enough yet. My forecasting methodology is based on the broad consensus of market pros, but not in a way they may like: Whatever they say will happen simply won't happen. This may sound odd, but it rests on pure finance theory and is empirically wonderful. Both in theory and in practice, the market is a discounter of all known information. Everything people read about in the print media, see on TV and talk about with their friends is the basis of investment decisions. The trouble is, you can't make excess returns based on what everyone knows.< [snip] the rest of the story forbes.com I doubted him at the time and still think he's too pessimistic with his index targets, but he has the overall sequence and direction right. In another column he said unemployment would hit 4.9% before a turn. All his columns are at the Forbes web site. Gottfried