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To: Cynic 2005 who wrote (66161)	10/4/1999 12:43:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

Mohan, not to worry...i remain a bear at heart. re. Joe G., i wasn't really all that serious...the things he sees are plain for everyone to see who cares to look. and after all, the '29 and '87 crashes were also called by a handful of people. what's more, the steep decline of the week before last was met with re-assurances from all quarters - very suspicious.

To: Cynic 2005 who wrote (66161)	10/4/1999 1:13:00 PM
From: bill meehan	Read Replies (2) \| Respond to of 86076

Mohan, the recent large increase in the number of bears is just a Wall Street and media contrivance. Yes, many perma-bulls have become cautious (some for only a day or two when the market bounces--the same folks who've been advising being very heavily exposed to the market and now point out that so many stocks have lost so much ground that now is REALLY the time to buy), but I don't get any sense that there are a significantly larger number of bears on Wall Street. That's quite strange since you'd expect every technician with five senses to be bearish. Many of them have come to depend upon "new metrics" to adjust their outlooks based upon how the market has acted during the current mania.