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

To: marc ultra who wrote (13906)	5/24/2000 5:34:00 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 15132

Marc: Re: "If it doesn't work out I can't think of a nicer person to get buried with, figuratively speaking<g>." I have got my "depends" on today <g>. Re: "BTW, I saw today's P/C was .48." Yes, that is one piece I can't figure as P/C was something close to .89 on Friday. That may have been a high reading for the year.

To: marc ultra who wrote (13906)	5/24/2000 10:50:00 AM
From: Rillinois	Respond to of 15132

marc, Re: BTW, I saw today's P/C was .48 Must been people making bets on a rally early on. Would have liked to to have seen some more evidence of fear when we tumbled late. I think that those pointing to the put/call ratio for evidence of lack of fear are looking in the wrong place. As Chris J. Horne pointed out, Message 13761518 the broad market is hardly in bear market territory. So why should there be all out fear? As I see it, the Nasdaq is the only index that would warrant a fear induced state. Maybe those that are heavily weighted in tech are scared, but all those people who are invested in the S&P 500 or Willshire 5000 funds have no reason to be scared. I'm coming from the standpoint that most people usually become fearful after they have lost money and they are not losing that much. This is my take on why we are not seeing the put/call ratio spike up. Are there any bets on where the QQQ or NDX put/call ratio is? CBOE doesn't calculate this, but I guess one could calculate it manually. Or does anybody know if this information is already out there somewhere? If so, this would be a better gauge of the fear, or lack of, in the Nasdaq market. In sum, I think that just because one sector has fallen nearly 38% from the top doesn't justify why fear should show up in the broad market. Best Regards. Rillinois