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To: yard_man who wrote (185179)	7/31/2002 10:32:30 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 436258

And I don't even think that we have gotten irrational on the downside yet. Everyone I know in Silicon valley is still planning on getting rich on their options and there is still an incredible amount of fat on the payroll. I would expect surviving companies to have viable products (profitable) and to be very efficient at the end of the bear. I see many companies that are still based on blue sky. Myth's question was about the Dow, so maybe the same situation doesn't exist in dow stocks, but......