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To: John Carpenter who wrote (7643)	1/12/1998 11:50:00 AM
From: The Perfect Hedge	Read Replies (2) \| Respond to of 95453

John Murphy,the ex CNBC ta guy,was just on CMBC.He said we are seeing major signs of a bear market but we will not have confirmation until we take out Oct lows but he thinks we are headed that way.We all knkow the fundamentals of this sector but this market will squash everybody.I'm waiting for a rally to sell and save myself anymore pain.I think it's going to get worse.No reason why these stocks can't drop another 25-50% if the market gets worse.I hope we get another rally,that might be asking too much at this point.GD