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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: bobby beara who wrote (15652)12/22/2001 5:31:30 PM
From: Crimson Ghost  Read Replies (1) of 99280
 
BobbY:

Agree it is too early to tell if NAZ has peaked. But where do you get the idea that people are bearish? VIX is 23 and VXN around 50. Surveys show near record bullish sentiment among investors and market letters. Wall Street equity allocation targets also are near record highs. Any remaining upside is dwarfed by downside risk at this point IMHO.
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