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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?

To: Gary Wisdom who wrote (33620)	10/27/1997 5:42:00 PM
From: D.J.Smyth	Respond to of 58324

this just in from the Dow Jones: 16:28 DJS Mood On The Street: Drama Without The Trauma Of '87 Crash 6:28 DJS Mood On The Street: Drama Without The Trauma Of '87 Crash By Shawn Young and Jill Goldsmith Staff Reporters NEW YORK -(Dow Jones)- People filed out of the New York Stock Exchange on Monday afternoon with tense faces and harried steps, but they spoke with relief, even giddiness, of the market's biggest drop since 1987. "I think it was expected. We've been going up and up for so long," said Mark Boutote of Mark Boutote Trading. He and others noted that the market's steep rise had created tension among market participants who appeared visibly relieved that the correction had been as orderly as it was Monday. "Compared to '87, when it was frantic, today was calm. It was orderly," said one investor. "The market was due for a correction, and I don't think it's anything to worry about. It's going to go back up. The sidewalk outside the stock exchange was crammed right before 4 p.m. EST with newspaper and television reporters trying to gauge reaction to the sell-off, and many traders seemed reluctant to talk. But no one seemed terribly distraught. "Nobody's going to be jumping off buildings," said one specialist who has been on the floor for 17 years. "This had been a great year. A lot of people made a lot of money, and we're just giving some back." He paused, laughing, and joked, "I'm going to have to let go of my pool guy." Copyright (c) 1997 Dow Jones & Company, Inc. All Rights Reserved.