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To: reaper who wrote (196765)	10/10/2002 11:14:51 AM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

<<funny, i was reading this article, and i couldn't figure out who at the FT was so farking stupid to write such a thing>> Hmmm, did Greg Jones move to London?<VBG>

To: reaper who wrote (196765)	10/10/2002 11:43:05 AM
From: BDR	Respond to of 436258

Ripples (waves?) spread. Don't worry, be happy, stay long. Bears Trample Horse Prices, Leaving Bargains at Auctions By KARA SCANNELL Staff Reporter of THE WALL STREET JOURNAL A colt may have the potential to be the fastest racehorse of its generation, but what it fetches at auction has more to do with the stock market than stamina. In recent weeks, the market's doldrums have taken a severe toll on the price of horseflesh, according to auctioneers and owners -- a marked contrast from the late 1990s. "Three years ago, people making $200,000 to $300,000 a year in salary were flowing into the market buying $100,000 horses from their stock-market gains," says Mark Taylor, head of public sales at Taylor-Made Farm & Sales Agency of Nicholasville, Ky. Now that stocks have hit the skids, most of those buyers are gone. Last month, sales at a 12-day auction of 4,300 yearlings operated by Keeneland Association Inc. of Lexington, Ky., fell to $210 million, down 17% from the previous year, and the average price slid 18% to $71,873. While the sales figure was the fourth highest in Keeneland's history, it marked the second down year in a row.