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To: Global Investor who wrote (19338)	1/28/1999 4:51:00 PM
From: Smart Investor	Read Replies (2) \| Respond to of 27307

I will not call that an endorsement when he said there is hype in the sector. When the market corrects, internet stocks will be the ones get hit the hardest. Since Mr. Greenspan thinks the current stock market is too high, it is safe to assume that we will have a correction pretty soon.

To: Global Investor who wrote (19338)	1/28/1999 9:20:00 PM
From: Howard Hoffman	Read Replies (1) \| Respond to of 27307

Keep in mind that Greenspan does not want to take the heat as the guy who caused the Internet stocks to crash. He is widely remembered for the "irrational exhuberance" remark and its impact on the market back then. Everything he said is true, but he said things in a very careful way.