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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Defrocked who wrote (64520)9/27/1999 6:16:00 PM
From: pater tenebrarum  Read Replies (2) of 86076
 
Def, it is revealing inasmuch as it points to a growing sense of unease at least among some bigger players.
i guess Abby didn't convince them. normally i'd say that increased hedging activities should be supportive for the market, but the options data still scream complacency and rebound speculation is all the rage. as was discussed last week, there may be an increase in bearish talk, but the bearish positioning is hardly detectable.
a few big players taking such bets now is hardly encouraging for the bulls.
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