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Technology Stocks : Creative Labs (CREAF)
CREAF 0.448-4.6%Dec 17 12:59 PM EST

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To: Jon Tara who wrote (5604)11/12/1997 5:24:00 PM
From: Dennis G.  Read Replies (2) of 13925
 
Anybody look at the bull/bear survey on SI today? It just went under 1 for the first time ever I believe. It's actually lower than it was at the bottom of the April selloff and the July 96 crash. Every time so far it's gotten to these levels the market has rallied. Think history will repeat itself? Or is something different this time?

I haven't seen any indicator as consistently correct as a contrary sentiment indicator. It sure seems like everyone is calling for the market to go lower. How many times has the market seen fit to satisfy the majority opinion? Most of the doom and gloomers must have already sold what they wanted to sell and there is a lot of cash on the sidelines and a lot more still pouring in every week. Could a rebound be just around the corner?

Dennis
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