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To: Lucretius who wrote (194935)	10/2/2002 10:56:24 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 436258

There's no way that a major US market could drop >80% .. oops .. I forgot ..

To: Lucretius who wrote (194935)	10/2/2002 11:03:50 PM
From: MythMan	Read Replies (1) \| Respond to of 436258

over time it could happen. I never thought we would get 6 straight months of down. I think there are a lot less dopes available to buy. I know many who have tossed the towel.

To: Lucretius who wrote (194935)	10/3/2002 9:19:52 AM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 436258

Yesterday's drop explained guys. Take a deep breath and stay calm. NEW YORK, Oct 2 (Reuters) - A slip of the finger led Bear Stearns Cos. Inc. <BSC.N> on Wednesday to erroneously enter an order to sell $4 billion worth of stocks, the New York Stock Exchange said. The order about 20 minutes before the closing bell was the result of a "clerical error" and should have been entered as $4 million, the exchange said in a statement. All but $622 million of the orders were cancelled before execution, it said. Bear Stearns told Reuters the error will have no material impact on the company and declined to comment further. After a seesaw session, stocks sank in trading Wednesday, with the blue-chip Dow Jones industrial average falling 183.18 points, or 2.3 percent, to 7,755.61. The NYSE said said the sell orders were for $4 billion worth of "S&P securities." It could not be reached for further clarification as to which stocks may have been affected. "It's not very common," said Richard Repetto, an analyst with Putnam Lovell NBF. "This is a human error; it's not an electronic error." A source familiar with the situation said the erroneous order was not a trader error, but a clerical error.