To: chic_hearne who wrote (124750 ) 9/27/2000 2:50:09 PM From: tejek Read Replies (2) | Respond to of 1574864 chic,Very much agreed. I saw that bullish consensus is up to 90% and bearish consensus is down to 5%. As a contrarian, I see the market going down with bullish consensus so high indicating that the big boys are starting to exit Where do you get your info from? One example of market sentiment is gotten by looking at the put/call ratios from the options market. Its typically a contrarian indicator...see the article from the TSC: <<Top Contrarian Options Market Indicator Gives Bullish Vibes By Brian Louis Staff Reporter 9/27/00 1:12 PM ET One options market indicator that contrarians love to follow closely was giving off bullish vibrations Wednesday. Volatility Index Today % Change 24.67 +1.63 Source: ILX The Chicago Board Options Exchange put/call ratios were surging, expressing rising pessimism on the outlook for stocks. The overall options market equity followed suit. At noon EDT, the CBOE equity put/call ratio registered nearly 0.80, up sharply from Tuesday's closing level of 0.54. Meanwhile, the overall market put/call ratio -- which includes all five options exchanges -- stood at 0.71. Put/Call Ratio Today (Noon) Previous Close 0.80 0.54 Source: ILX The put/call ratio is the measure of how many put options trade for each call option. A high put/call ratio for contrarians is bullish, because with so many puts trading, it indicates a degree of negativity in the general thinking of the market. Contrarian traders generally like to do the opposite of where the market overall is leaning. For example, they see increased put buying -- speculating on a drop in a stock or index -- as positive because it means the idea has been around long enough for a short-term cycle to be nearing an end. When the put/call ratio gets relatively high -- illustrating broad investor concern -- it suggests that selling may be nearing exhaustion and the market may be ready to rally. >>1) US Dollar collapsing causing all the foriegn money to leave the US equities markets? When did this happen? Is the US dollar on the verge of being revalued?2) Baby boomers reversing the trend from dumping billions in per week in retirement saving to pulling out billions per week after they are retired? What? Hello!! The leading edge of the baby boomers age-wise I believe is 54-55, not 65. Maybe some are retiring early but those are most likely the ones who do not have the need to live off their stock portfolios. Where do you get all this doomsday info? I am the first to say this market sucks and we could well be going into a recession but you have us going straight to hell without passing Go and collecting $200. ted