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To: Donald Wennerstrom who wrote (6488)10/27/2002 7:26:48 PM
From: Gottfried  Read Replies (1) | Respond to of 95541
 
Don, from the Barron's cover story

Big Money Poll Results
Listed below are the consensus responses to survey questions
Describe your investment outlook through December 31, 2002:

Very Bullish 4%
Bullish 39
Neutral 29
Bearish 21
Very Bearish 7

--------------------------------------------------------------------------------

Predict the value of these market measures at year-end 2002:

Bulls Bears
DJIA 8583 7352
S&P 500 904 780
NASDAQ 1327 1081

What are your two favorite stocks?

General Electric, Pfizer, Newmont Mining, Johnson &
Johnson, Anheuser Busch, Berkshire Hathaway, Bristol Myers,
Citigroup, Intel, Philip Morris, 3M, Capital One, Cardinal
Health, Coca-Cola, Disney, Dupont

What are the two most overvalued stocks?

Fannie Mae, Krispy Kreme, Microsoft, Amazon.com, Procter &
Gamble, Cisco, Ebay, IBM, Kohl's, Yahoo, 3M, Dell,
Electronic Arts, General Electric



To: Donald Wennerstrom who wrote (6488)10/27/2002 7:37:23 PM
From: Return to Sender  Read Replies (1) | Respond to of 95541
 
Don, I believe there are a lot of long term technical bears hoping that the market will advance further in order to short from higher levels. Here are some interesting opinions you might want to listen to:

aegeancapital.com

The short term trend is still very much up but the rise has been taking place on declining volume. Remember we have window dressing coming up until the end of this quarter which means another few days of a rise might not be all that surprising.

I guess what I am trying to say is that although the current trend is up I personally find it hard to believe that we are starting a new bull market this October. So while I would not be surprised to see the market continue to rise, especially at the open tomorrow, I do believe that this rally we are currently seeing will ultimately be just another bear market rally.

RtS