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To: Chispas who wrote (88065)	7/21/2002 12:31:23 PM
From: Chispas	Read Replies (2) \| Respond to of 116764

WATCH OUT! They're goin to try an suck us shorties in on Monday... Then the Plunge Protection Team will SQUEEZE!! Good luck to all of us that know what's going on... _______________________________________________________ Sunday July 21, 11:37 am Eastern Time Reuters Business Report NYSE's Grasso: Monday Could Be Rough Day WASHINGTON (Reuters) - The head of the New York Stock Exchange cautioned on Sunday that Wall Street could face a rough ride when stock markets open this week but urged investors to stay calm and focus on the long term. "Mondays following Friday declines have always been difficult and I suspect tomorrow will be no different," Richard Grasso, chairman of the world's No. 1 exchange, told NBC's "Meet the Press." On Friday, the Dow Jones industrial average sank to 1998 lows, crumbling 390 points, or 4.6 percent. A slew of corporate accounting scandals have left investors deeply mistrustful, prompting them to dump equities. Over the past two weeks, the Dow has fallen in every session but one, losing 14 percent of its value. Other market gauges have also fallen to multiyear lows as well. With the Dow perched just above the psychological threshold of 8,000, Grasso made a plea for investors to keep a cool head and think about long-term goals like saving for retirement or their children's college education. "Please be patient," he prodded. "Please don't do something that emotionally feels good but in the long term will be a mistake." He noted that over the long haul stocks outperform fixed-income assets. The New York Stock Exchange chairman also urged tough measures to crack down on corporate managers who commit fraud. Email this story - Most-emailed articles - Most-viewed articles ____________________________________________________________________________ This is BS Chispas