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To: GARY P GROBBEL who wrote (17437)	1/29/2004 4:35:08 PM
From: GARY P GROBBEL	Read Replies (2) \| Respond to of 120417

Aftermarket predominantly green on Island...kind of like the mkts are saying...'whoops...we didn't mean that...sorry about the trillion dollar haircut'...the Fed's change in language vaulted the bond boys into the pits...hedges, wedges and baskets of stocks are tied to the bond (s)...you can have massive damage done in literally minutes....the only thing that was bothering me was a comment by Art Cashin on CNBC that referred to today being the 3rd day of heavy distribution IF we closed down...would have been 1st time since March that occurred...BUT it did not.....