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To: Lizzie Tudor who wrote (148443)	10/5/2002 3:22:47 PM
From: John Chen	Respond to of 164684

Lizzie,re:"panic selloff...don't think will happen". Agree. It's only the 3rd years of this 'decades-long' down trend, no need to panic. There is plenty of time left to sell, off or on. Chanting... USA..USA..USA..USA..........USA I wish Japan stops counting the 'down years', it's getting harder and harder to beat those records. At times, it's hard to keep track of how long it has been. Just about thinking they got the streak broken, they 'discovered' they are still in recession. Seems like USA is behaving with similar erratic pattern, (the on and off of recession and recovery ). Ever with the experts, we don't really have a concensus on: was there a recession? who started it? (the blame game) if there was one, when did it end? ... Did it end? when the recovery started? who started the recovery? (the credit grabbing game) was there a real recovery? what is a recession? what is a recovery? I think Japan's problem started so 1984, so 20th anniversay coming up soon.

To: Lizzie Tudor who wrote (148443)	10/5/2002 4:01:19 PM
From: re3	Read Replies (1) \| Respond to of 164684

if and when "it" happens (and i say WHEN, not if), you might well think it should be designated as a panic selloff...i however would designate "it" as a what took the market this long to return to fairer values and what took the market this long to drop to account for risk, p/e's that are way too high, future competition, etc. ps. how many points till nasdaq 600 ?

To: Lizzie Tudor who wrote (148443)	10/6/2002 9:32:38 PM
From: fedhead	Read Replies (2) \| Respond to of 164684

Thats the problem. Too many people waiting for that selloff. So instead we get this slow bleed down that keeps everybody in. This bear wants to go down with the maximum number of people on board. There is no fundamental reason to buy stocks. So if you are buying based on oversold levels, too many bears or too many people are negative, you are hoping for a bounce from oversold levels. That may happen or it may not happen. I believe this bear market won't end till stocks are cheap again and Microsoft at 45, EBAY at 51 tells me have a long way to go before that happens. Anindo