Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: SliderOnTheBlack who wrote (50080)	8/30/1999 6:30:00 PM
From: BigBull	Read Replies (1) of 95453

Slider, I have tremendous respect for Belkin, but he sure has one hell of a lot of company in expecting doomsday. quote.cboe.com These OEX numbers are demonstrating phenomenal bearishness on the the part of options traders. Some of the put/call ratios in open interest and volume are extraordinary. If it's 1987 deja vu all over again, then it will be the most anticipated and planned for bear market since "The Fall of Man" Belkin may be right, but usually this many option traders aren't. It usually pays to bet against these guys. These are a lot closer to reliable bottom numbers than they are to top. These numbers are reflecting "PRIMAL FEAR". JMVVHO

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