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To: stockman_scott who wrote (6052)	2/8/2002 9:04:00 AM
From: Sig	Respond to of 13815

As you point out, the market is an even balance of bulls and bears , with the last sales being the value of a stock. The chances of market going up or down , medium term, appear equal. But watching Gregs portfolio shows that each day the market goes down, most stocks are up in pre-market, or else the reverse. So today we should open up. This market has no direction, just volatility. With so many people on the Web,news ( and the same news) is instantly transmitted world wide which affects the markets within mimutes But it is the typical spring tanking - a bit early this year. Under present bad news, I can't picture all that money on the sidelines (a quantity far less today) coming back in to the market. There is no stability in the big stocks, msft,csco,bac, intc, nor in company earnings- and exposure of banks to Eronitis makes it more uncertain. . And thus no confidence can be developed in a B+H position. What I see in the big caps like Dell, Msft, Intc, Cpq is that institutions hold close to 1 bil shares and control them in a channel. So they have somewhat limited downside and a very limited upside. IMO whether one should invest today should be decided on an individuals performance in recent months- whether win or lose. Sig