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To: H. Lee Grove Jr. who wrote (10424)	7/15/1998 10:28:00 PM
From: Skeeter Bug	Respond to of 164684

lee, as a rational investor, i have tough times in irrational markets. the undervalued small caps continue to lose value. the over valued large caps continue to increase in value. the economy slows and pes go higher. we are at or near a cyclical top and so pes are higher than in history. i'm wallowing in small cap hell while neophyte "investors" make 1200% in a year or so with a company that has proven little whether they are a legit ongoing concern. the bottom line is that those making big dollars are doing so b/c they are in tune with a highly irrational market. they will feel their pain when reason and rationality become important again. i have this ironic feeling that when the big cap bubble blows, the small caps will get hurt at least as bad even though their valuations are much more reasonable. good luck.