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Pastimes : All Clowns Must Be Destroyed
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To: Lucretius who wrote (12711)2/24/2000 6:33:00 PM
From: pater tenebrarum  Read Replies (3) of 42523
 
it's anyway 55-65....and the disjointed indices are complicating this i believe.

i have made an interesting observation: value managers are bullish, because they think their value stocks are cheap (some indeed are). they are loading up whenever they can (which is not often, because they get lots of redemptions).
tech and growth managers are bullish because their stocks go up (which is a better reason). they also load up on every opportunity, and they can, because the public is incredibly giddy to buy the top, as usual. the last vestige of doubt were the index options...it's gone.
the wall of worry has died.
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