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To: bill meehan who wrote (17948)	2/4/1999 8:39:00 AM
From: accountclosed	Respond to of 86076

Unfortunately, it looks increasingly likely that we will get a blowoff I thought we were already there! quote.yahoo.com^IXIC&d=t

To: bill meehan who wrote (17948)	2/4/1999 8:43:00 AM
From: accountclosed	Read Replies (1) \| Respond to of 86076

Bill, what is reported Nasdaq volume at this hour of the day? quote.yahoo.com NYSE stocks don't report volume yet. Does Nasdaq get instinet volumes or London trading? Or does it actually take place on the Naz system? I remember there used to be a contest over who had the most volume so perhaps Naz is still aggressive at calling anything volume? (edit: I note they never have price changes in pre-trading hours)

To: bill meehan who wrote (17948)	2/4/1999 8:54:00 AM
From: wlheatmoon	Read Replies (1) \| Respond to of 86076

What you think about this analysts' take? Biggs predicts a correction Morgan Stanley Asset Mgt. chair says market will finish year down 5-10% February 3, 1999: 8:02 p.m. ET NEW YORK (CNNfn) - A noted market strategist said Wednesday he expects a significant correction on Wall Street at some point in 1999. Barton Biggs, chairman of Morgan Stanley Asset Management, told the Moneyline News Hour with Lou Dobbs that history indicates the stock market will likely experience a 20- to 30-percent correction sometime this year. "We've lived in a paradise for a number of years," Biggs said. "In this century, we've had at least a 20-percent correction every three years. We had a 20-percent correction last year, but that was after about seven years." Biggs also predicted that the market will likely finish the year down between 5 and 10 percent, though he wouldn't speculate on what factors would initiate the decline. Biggs also counseled investors in how to handle a future market downturn. "If you're a long-term taxable investor, you should ride it out," he said. "If you're not, you should take some cash."

To: bill meehan who wrote (17948)	2/4/1999 9:48:00 AM
From: yard_man	Read Replies (1) \| Respond to of 86076

I don't want to demean your occupation at all, but Angell now works for Bear Stearns -- he's well paid to look at the market (or worse yet the economy) through those rose colored glasses. Now today we have another chief economist weighing in: Mickey Levy -- the quote is wonderful following on the heels of that silly article yesterday that gave us the picture equation with the PC + Greenspan. (Never mind that the last year was the first year that actually saw a decline in PC revenues as ASPs fell faster than unit growth.) In the middle of this one today we have the quote: "We should not allow the declining rate of personal savings -- a mostly meaningless statistic -- to distract us from the overwhelming good news of soaring national wealth." Another one for the scrapbook -- that one ...