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RE: MKT VIX LEVELS



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This week's Barrons has an article on VIX levels and what they may mean to
the market.  When you get a chance go to "THE STRIKING PRICE" column.
You can read it online at www.interactive.wsj.com and I think there first
couple of weeks are still free or obviously you can just get Barrons on the
newsstand.  The fellow quoted  "Leon Gross" at SalomonSmithBarney is
probably the sharpest derivative analyst around.  I steal from Leon every
chance I get.