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To: tahoe_bound who wrote (18139)	4/5/2000 9:25:00 PM
From: tahoe_bound	Read Replies (1) \| Respond to of 28311

Market talk from Merrill strategist Not very comforting What does the close suggest about investors' mood at day's end? People are more bullish now than they were last week. At least, that's the interpretation of Merrill Lynch quantitative strategist Richard Bernstein. "Our research shows that people were extremely bullish going into Tuesday," he said. "In fact, they are more bullish than they have been at any time since 1987. If anything, they may be more bullish after today. It may have reinforced their belief that stocks are invincible." Does such optimism gladden Bernstein's heart? It does not. "My point all year has been that there is a lot more risk in the market than investors think," he said. "The fact that technology stocks were crushed and then recovered Tuesday and then recovered more today will only give people an even more false sense of security than they already had."