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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (189200)8/23/2002 10:40:14 AM
From: BDR  Read Replies (3) of 436258
 
From today's WSJ, "Ahead of the Tape":

Back Into Hibernation

If bearish sentiment seemed rampant in July, it sure vanished quickly. According to the International Strategy & Investment sentiment survey, fund manager sentiment is still Himalayan. That's not so notable: Fund managers are constitutionally bullish.

What is noteworthy is that fund managers reported that they are more invested in stocks than at any other period since the start of the survey in 1994. The index hit 71.3 this week, the third consecutive all-time high. (One hundred equals being fully invested, zero is all cash and 50 is normal.)

The ISI says it hasn't plotted whether the survey readings correlate with market moves, but the wall of worry lasted about as long as the run of "The Adventures of Pluto Nash" in the nation's movie theaters.
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