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To: DJBEINO who wrote (35837)	6/29/1998 10:31:00 AM
From: johnlea	Respond to of 53903

wow, this market is FLYING! today is the 3rd day the naz has gapped up in this last two weeks. it's added another 1% up so far today averaging a percent move a day for the last two weeks. looks like new highs are the target. not sure if such a move is justified, but it sure looks like it wants to happen.

To: DJBEINO who wrote (35837)	6/29/1998 10:38:00 AM
From: johnlea	Read Replies (1) \| Respond to of 53903

heard on fnn this morning that 2/3rds of all the s&p500 companies pre-warned this quarter. the market response. . . take the s&p index to new heights. either this is the market being irrational in the short term OR company earnings will accelerate in the 2nd half of the year to justify their valuations. anyone have any opinions on this?