31.   Broader market averages were hit even harder.

32.   But broader market averages also fell, as declining issues narrowly led advances.

33.   But for investors in funds with longer-term results, the rewards have been generally more spiritual than statistical, as most lag behind their market averages.

34.   But now, many appear to be more interested in not lagging behind the market averages to an embarrassing degree.

35.   But other market averages closed modestly lower on the day.

36.   But they are not as wide as the gaps in recent weeks between the high and the low each day in the market averages.

37.   Cisco reported its gloomy news after the market closed on Tuesday, and major market averages moved lower at the opening Wednesday.

38.   Companies with a growth rate three times the market average do not come cheap.

39.   Even though the major market averages rebounded ever so slightly Wednesday, the action belied what looks like a big shift in investor psychology.

40.   Excluding that, drug sales rose in line with the market average, Ciba said.