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To: Spekulatius who wrote (59069)1/18/2001 8:01:14 AM
From: pater tenebrarum  Respond to of 436258
 
quite correct. what you hear is: "we're X percent off the highs....stocks must be cheap".
this baffling piece of reasoning has brought about a huge surge in bullish sentiment, which makes me think the bear will be more brutal ands long lasting than anyone now expects.