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To: Mark Fowler who wrote (19290)	10/27/1997 4:23:00 PM
From: William C. Spaulding	Read Replies (2) \| Respond to of 176387

William on a percentage bases far from being a market crash! No, I think we can call it a crash. It's true, it's not as bad as '87 percentage-wise, and I do believe I have already said that, but it doesn't look like it's over yet. Usually when the market closes while declining, it continues into the next day, and you have to figure that, with many investors watching TV and listening to the radio who didn't get a chance to sell today, may well sell tomorrow. It was reported on CNBC that there wasn't much institutional selling until the last half-hour after the 1st halt, and that may well continue tomorrow also, because they halted all trading before the usual market close. We'll just have to wait and see what happens.