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To: Marq Spencer who wrote (8980)5/27/1998 4:20:00 PM
From: Robert Graham  Respond to of 42787
 
Thank you, Brian! It looks like they are permitting the Dow to move with a greater degree of freedome, which I think is a good thing. This will lead to more accurate reflection of the market in the index at what are important times: during substantial buying or selling activity. I think in the past the market curbs were too restrictive and for instance lead market participants into a false sense of security during market slides. Now we will be able to see the real extent of the slide up front.

I think artificial market constraints are generally unproductive. But slowing the market down after in this case a 900 point drop will help give everyone in the market time for thought. I am always for anything that can help to market to *think* for a change. ;)

Bob Graham