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To: marginmike who wrote (35237)	3/26/2002 3:34:04 PM
From: AllansAlias	Read Replies (3) \| Respond to of 209892

Agreed. Thought we'd get a bounce for a few days. It would appear that I was wrong. This after holding that SPX short for so long. Sigh... I note that while we probe around this morning's low, the QQV and VXN are happy still.

To: marginmike who wrote (35237)	3/26/2002 3:39:42 PM
From: John Madarasz	Read Replies (1) \| Respond to of 209892

I agree completely. i was just reading Newman's most recent letter which came out yesterday...despite the fact of recent huge inflows, the SPX still remains unable to realize any substantial upside...that speaks volumes Insider selling ratios's are still HUGE Valuation issues are a joke as a % of "as reported" earnings...one time write offs are at unbelievable ALL TIME record highs...over double anything close since 1989. what a scam, investors are getting ripped off as bad as ever