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Pastimes : Ask Mohan about the Market

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To: Wildstar who wrote (17974)11/30/1999 6:25:00 PM
From: pater tenebrarum  Read Replies (1) of 18056
 
Wildstar, as an old hand at sentiment analysis, i have to agree. last time the ratio was so low was in 1987....

note that all the polls (investors intelligence, consensus inc, aaii) show bullishness has vastly increased over the last few weeks.

at the same time, specialists and members have been heavily shorting the market.

the RYDEX ratio recently also hit an all-time low, and i suspect that the bond market may well decide to crumble due to the Fed's liquidity onslaughts.

an accident waiting to happen in other words.

regards,

hb
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