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To: patron_anejo_por_favor who wrote (137337)	12/5/2001 7:07:23 PM
From: John	Read Replies (2) \| Respond to of 436258

The disconnect between the NASDAQ and all foreign equity markets is ludicrous. John

To: patron_anejo_por_favor who wrote (137337)	12/5/2001 10:38:04 PM
From: reaper	Read Replies (2) \| Respond to of 436258

I don't know what exactly to make of this news, but as a bear it is making me re-think my position. You may recall that Callais (who, by the way, is even MORE of a moron than Galvin) replaced Charles Clough at Merrill, at about the same time that Kurlack was getting forced out. Basically, as a timer of markets, its always been a pretty safe bet to fade the Merrill research department. I wouldn't call Bernstein a perma-bear, but I haven't heard him say anything positive for over a year. Maybe the bear market IS nearly over... Cheers