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To: uu who wrote (9359)	4/27/1998 11:32:00 PM
From: Charles Tutt	Read Replies (2) \| Respond to of 64865

I thought the market was supposed to "CLIMB a wall of worry." Today didn't look much like climbing! JMHO.

To: uu who wrote (9359)	4/27/1998 11:47:00 PM
From: Gottfried	Respond to of 64865

Addi, I think it is not so much that ordinary people actually worried about SEA two weeks ago, inflation today and something else tomorrow. It is rather that the WSJ says they worry about these things, which then causes stock fluctuations, which in turn enables the pros to trade and turn a profit. In the absence of higher earnings, there is no rational excuse for stocks to move higher. But profits can be had by exploiting fears that move stocks lower first, then higher again. The only thing Wallstreet abhors is a static stock price. I suspect you knew all that.<g> GM