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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Mr. BSL who wrote (12258)	2/22/2001 2:44:01 PM
From: Wally Mastroly	Read Replies (1) \| Respond to of 42834

..from another thread: "...It seems the majority of "Financial Consultants" are quite bullish. Do you interpret that as positive or a negative for the near term outlook? : New York, Feb.7 (Bloomberg) – Optimism about U.S. stocks surged to a 14-year high last week, according to a poll by Investors Intelligence newsletter. The percentage of financial consultants who considered themselves bullish, or optimistic, rose to 61.8 from 61.0 the week before. Optimism hasn’t been this high since January 1987. “A lot of people are optimistic about stocks with the Fed cutting rates,” said Michael Burke, editor of the newsletter. RAGL..."

To: Mr. BSL who wrote (12258)	2/22/2001 2:44:53 PM
From: geode00	Respond to of 42834

From thestreet.com: "The weekly release of the Investors Intelligence survey yesterday showed that the percentage of bulls increased this week compared to last week. The percentage of bulls among financial advisers polled rose to 61.2% from 57.8% last week, while the percentage of bears fell to 28.6% from 30.4%. " That's versus this stuff: "The American Association of Individual Investors (AAII) sentiment survey released on Thursday morning indicates that investors are beginning to throw in the towel as the market moves lower, suggesting that investors may not be able to withstand the turmoil of the market much longer. Bullish sentiment fell to its lowest level since Oct. 15, 1998. Interestingly, the low bullish sentiment in October 1998 was recorded at the peak of the turmoil in Asia ("Asian Contagion") and just as the stock market in the U.S. reached a bottom. Bearish sentiment, meanwhile, shot up in the latest period, coming in at 38.6%. Investors who consider themselves neutral fell from last week to 35.1%." Let's just add in more confusion: "Another gauge of sentiment, the CBOE equity put/call ratio rose compared to yesterday's close. Late this morning, the equity put/call ratio was 0.71, compared to a close of 0.62 yesterday" I guess that people are looking for this ratio to go to 1.0 to indicate bullishness (contrarian) for the near future. Go figure.