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To: bill meehan who wrote (45243)	6/7/1999 10:58:00 AM
From: Cynic 2005	Read Replies (1) \| Respond to of 86076

<<But so far, the slump in Internet issues has had little impact on the overall market. William Meehan, market analyst at Cantor Fitzgerald, said: "The pullback we've seen recently with the low volume doesn't indicate a lot of capitulation. Some people who got burned playing with Internet stocks around the highs are getting margin [calls] and the action [Friday] suggests there's more froth to work off." Mr. Meehan noted that in spite of some signs that individuals are becoming more pessimistic, the Investors' Intelligence survey of newsletter writer opinion has just registered its highest bullish reading in 12 years. Added to the "extremes in volatility, it means we could be at a turning point.">> interactive.wsj.com