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To: Math Junkie who wrote (1479)10/8/1998 2:35:00 PM
From: Trebor  Respond to of 15132
 
>My equally ignorant guess is that it's because right now all news is being seen as bad news. <G>

I think your "ignorant" guess is right on. Here's a guy who agrees with you:

''Emotion is driving the near-term action,'' said Tony Dwyer, chief market strategist at Ladenburg Thalmann. ''The market
keeps looking for a reason to be down.''