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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (18584)	3/9/2002 3:21:55 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 23786

It certainly seems like they are ringing a bell. That is all that we could hear this week on CNBC. Go around and read the various threads, all of the bulls are proclaiming the new bull market. AG has rang the bell, the treasury secretary says that there was never a recession after all. The fact that so many people are ringing the bell is one of the reasons that I am skeptical. That and the fact that I know that there are more layoffs coming in techville and we still have a huge debt overhang. Look at where the VIX and the BPCOMP were at in sep/oct 1998. The BPCOMP was below 20 and the VIX was above 50. BPCOMP stockcharts.com[w,a]daclyyay[d19980309,19990109][p][vc60]&pref=G VIX stockcharts.com[w,a]daclyyay[d19980309,19990109][p][vc60]&pref=G Now the VIX is down around 21 and the BPCOMP is at 52. Just doesn't seem like good positioning to launch the new bull market.