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To: Cynic 2005 who wrote (56410)	8/13/1999 1:48:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

Mohan, you could well be right - a bull trap like the final rally attempts in '29 and '87 may be forming...but im not a 100% sure about that.... one thing that strikes me as peculiar about this rally is it's swiftness and the eagerness with which the bullish claque has embraced it already. note that the bond market has already lost some of it's initial enthusiasm and it strikes me as the more sober market generally. however, the bearish arguments all rest upon logic and reason, two factors which are entirely absent from the stock market. betting against the mania is therefore just as risky as betting with it... hb