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To: Cynic 2005 who wrote (63757)	9/23/1999 11:15:00 AM
From: pater tenebrarum	Read Replies (4) of 86076

Mohan, you're quite right that there's a huge gap at this time between bearish commentary and bearishness as evidenced by the sentiment polls and actual bearish commitment...i've seen a lot of betting in OEX calls on an imminent bounce-back lately and there's very little put buying and hedging going on. in other words, in spite of the bearish talk, there's not much betting on a nasty downturn. Joe Kernan meanwhile wants to "take down the names of all those bearish analysts, because they can't all be right...the chance is zero." he says. LOL! we'll see...

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