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To: jambo-bwana who wrote (34999)3/23/2001 12:11:36 PM
From: AllansAlias  Respond to of 35685
 
Yes, there is a great deal of discussion on CFZ of these indicators. Yes, insiders are selling like mad and commericals are shorting like there's no tomorrow. Both reject the notion that we are near a lasting bottom. That amateur longs or permabull clowns think these two groups can be wrong, defies any logic whatsoever.

Also, I agree that sentiment indicators have not shown the sort of extreme I am looking for given the backdrop.

If this is the correction of the excesses as you and I both suggest, then my friend, it is a correction of more excess that we have ever seen before by any percentage or per capita measure. Some see the bubble as only going back to the final blowoff in 1999. When one studies long-term charts or price or charts related to debt and money growth, one gets an appreciation for the fact that the bubble is older than that.

Opportunity abounds if one is not clownish in either direction.

Cheers