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To: Sig who wrote (8040)	7/2/2002 12:29:25 PM
From: stockman_scott	Respond to of 13815

Dow plunges below key 9,000 level By Allen Wan 07/02/2002 12:01 ---------------------------------------------------- The Dow Jones Industrial Average plunged below the key psychological level of 9,000 in late morning trade Tuesday as investors dumped key technology stocks such as Intel following a slew of earnings warnings and brokerage earnings' estimate cuts. The Dow was down 1.1 percent, while the Nasdaq, which hit five-year closing lows Monday, tumbled 2.9 percent. Intel plunged 5.8 percent to $16.51.

To: Sig who wrote (8040)	7/2/2002 8:33:01 PM
From: stockman_scott	Read Replies (2) \| Respond to of 13815

<<I'm shellshocked." said Donald Selkin, director of equity research at Joseph Stevens. In explaining the late-day collapse, Selkin cited low volumes, few buyers and a continuation of recent losing patterns. "There is a disconnect between the market and a decent economic recovery," he said. "This is the first time we don't have a market that's up six months after an economic recovery.">> Well Donny boy, we haven't seen corporate crooks like this since the 1920's, and I don't know if we have ever seen a breach of "certified" public accounting trust the likes of which Andersen & company have laid on us... Maybe the disconnect is lack of trust, simple as that.