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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Wally Mastroly who wrote (12054)	2/21/2000 12:49:00 PM
From: rsie	Respond to of 15132

the following as taken from the contrarian(fleckenstein) on the SI home page: "Warning signs continue... I neglected to point out that we traded 2 billion shares over the counter yesterday. Not that there's anything magical about 2 billion shares, but that was approximately the kind of numbers we saw in Tokyo in the final days. And in the back of my mind, it's something that I've wanted to see as a sign of exhaustion. Just guess work on my part. So in the last few days, we've had lopsidedly low put-call ratios and wide open, rampant speculation all across the tape while real companies are sold. We traded 2 billion shares and lots of technical indicators are giving off warnings sirens, not the least of which has been the collapse in the Dow and S&P while the Nasdaq has continued to party. In my opinion, this speculative mania is down to running on fumes. "