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To: marginmike who wrote (25366)12/17/2001 2:07:49 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 209892
 
<<Every firm coming out and saying stocks are great, pretty unbelievable, IMHO.>>

Not JPM...see Doug Cliggot on Chuckleheyser on Friday? It was a laugh riot...after all these Permabullish fund managers were hyping there wares, he comes on and predicts SPX 950 for the end of the year, 2002!

I think JPM is so bearish 'cause they know the quality of the loans they have out is deteriorating rapidly (and so are everyone else's).