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To: TGPTNDR who wrote (85525)	7/22/2002 4:47:08 PM
From: tejek	Respond to of 275872

Ted, Re: <I don't know how you stop this self feeding activity without an intervention of some sort.> There comes a time when valuations cause people who've been sitting out of the market to buy. It will happen this time as it has always happened. Good point....thanks for the reminder. Of course, there is the fear that even with good valuations, people will be afraid to come in due to the question of corporate integrity. But we must never forget greed.......its an incredible motivator. Markets overswing fair value on both the upside and the downside. We're below fair value on the FED model. According to a fellow in Barrons there's some support for the Dow at around 7400. According to Kap, there's even more at 1000. Well, I am relieved to see there is support at 1000......and I thought we were going to 0!! ted