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Politics : High Tolerance Plasticity

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To: pvz who wrote (17914)	12/1/2002 1:25:25 PM
From: Steven C. Vartan	Read Replies (1) of 23153

Looks to me that there are an increasing number of indicators that are signalling a downward move but whether that occurs Monday, Wed or next week is unknown. Put/Call ratio, bull bear contrarian indicator (30% spread), VIX, BpNDX are all saying toppy. It looks like what has been happening recently (as was noted in a post on this board) the suppy/demand for equities has lost any relationship with reality. Analysts are coming out with buys on CREE at "only" 10 times revenues and only 40 times guesstimate of 2003 earnings. I thought we saw that movie before. I guess someone's brother in law needs to get out.

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