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To: JHR who wrote (7697)	3/9/1999 8:01:00 PM
From: SJS	Respond to of 14427

For some of the resident bears here (those who left, too...). From CBS Marketwatch tonight: ______________________ "The breadth of the market sucks and sentiment isn't good since nobody's buying any put options," said Michael Donohue, chief technical analyst at Cowen & Co. Still, Donohue's not ready to write off this market. "If monetary policy is loose, which it is worldwide, you cannot have a bear market." Donohue looked at monthly money supply data going back to 1920 and discovered "you just don't have bear markets" when money is readily available. "And the Fed isn't going to tighten because it knows Brazil's [in poor shape]," he added. Donahue believes that the key to doing well in the current market is "getting good companies that are down in price."