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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (4055)11/16/2001 8:50:31 AM
From: Frank Pembleton   of 36161
 
Bears on the run
Look for final assault on stocks soon

SAN FRANCISCO (CBS.MW) - Like the fleeing Taliban before U.S. and Northern Alliance forces, the bears on Wall Street are now on the run from the relentless eight-week rise of the stock market.

Against a backdrop of horrible economic news, lousy earnings, and a general sense of national gloom, stocks have climbed that mythical wall of worry beyond where anybody would have expected when they first plunged the week after the terrorist attacks on Sept. 11.
cbs.marketwatch.com
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