Mento from To: , JOSHUA LEDERBERG Dr. Rosenberg octé 61877 re: gray market - I was unaware that anyone would read any racial connotations into this phrase ~- which I believe predates the use of "gray" as an ethnic descriptor. If by "gray" you mean "caucasoid", I suspect some masochistic pejorative impulse may have involved in choosing it over "puce! or a variety of less charged but equally descrip- tive alternatives. Some of the derogation which you protest may be in the eye of the beholder.