To: Jerome who wrote (41302 ) 1/5/2001 12:23:08 PM From: John Trader Read Replies (2) | Respond to Jerome, I have been thinking a lot about this sort of thing lately. Prior to 2000 being a tech investor was at times like being a contrarian. In early 2000 Wall Street's MBAs seemed to be embracing tech stocks, and look what happened after that. In some ways I am amazed at how so many professionals seem to be turning bearish on technology after such a huge cut in prices last year. Such a move does not seem to make sense for one with a longer term view, since technology is the growth engine of our economy. All this, plus the Fed starting to cut rates, tends to make me very bullish. However, I checked the bull/bear statistics in Investors Business Daily on Tuesday (printed before the Fed rate cut), and the percentage of bulls was listed at about 51%, which is more bearish than anything else. If we just had more bears, then I think we would have already hit bottom for sure.
