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To: Ken Robbins who wrote (20494)	4/27/1998 12:08:00 PM
From: mph	Read Replies (2) \| Respond to of 95453

You noticed that I stuck in little ?????? at the end of my statement. <g> I'm still catatonic, i.e. paralyzed into inaction. So I'm a'holding and a'watchin' fer sum goooood opportunities. Not a one of my stocks is over-valued, IMHO. Theoretically, one would think some cash would flow out of the Dow right into 'em. We shall see. mph

To: Ken Robbins who wrote (20494)	4/27/1998 4:30:00 PM
From: dougjn	Read Replies (2) \| Respond to of 95453

S&P500, the pro's index, is off 4-1/4%. We're probably about half way down in the indices. With some stocks mostly done, others just beginning. Backing and filling next couple of weeks. We've had enough of a break to break momentum based confidence. So now there will be all sorts of competing theories and worries. If the market becomes convinced a series of rate hikes are ahead I think we go down a total of 15% on the indices. But I doubt that happens. Instead, interest rate worry has now re-entered, and its not gonna go away any time soon. Unless that worry gets replaced by a new crisis in Asia, such a major bank failure or two. Now that Could be a tsunami. But it seems unlikely to me. Doug