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To: rogermci® who wrote (205233)	11/16/2002 10:23:35 AM
From: Haim R. Branisteanu	Respond to of 436258

how true

To: rogermci® who wrote (205233)	11/16/2002 1:54:20 PM
From: GraceZ	Respond to of 436258

Decent answer for those out there wondering where the market will find money to go higher.

To: rogermci® who wrote (205233)	11/16/2002 2:02:31 PM
From: Lucretius	Read Replies (1) \| Respond to of 436258

where'd you get that?

To: rogermci® who wrote (205233)	11/18/2002 9:32:58 AM
From: who cares?	Respond to of 436258

You bailing out and getting short yet? So far you've mentioned extreme bearishness and high put call ratio as reasons to be long, and because no one believe's like 1982. Well, the extreme bearishness went to extreme bullishness faster than ever before, 2 weeks? The high put call has in the last few days, turned into a very low one. 1982 comparisons to me are very bad. That was a time of runaway inflation, sub 1000 dow, decade plus bear. Stocks were actually "cheap." No such luck today, not even close to cheap. Oh, and everyone is short the QQQ's and spiders and diamonds so they're getting squeezed. HMMM, the thing about that is, it's all a hedge. My shortfolio has a beta of 1.38 compares to SP500. The QQQ's have a raw beta of 1.58 and an adjusted beta of 1.39. So I simply go long an equal value of QQQ or calls to hedge. But of course most suckers have a long portfolio, so they use the Q's etc. to short to hedge. No need to cover if their hedge acts right. Everyone I know is watching the Nasdaq. If we break 1425 significantly then they are covering shorts, going flat, to even long. I mean everyone is looking at this. Everyone is very concerned about another leg up here, the only reason there is any doubt is because no one can imagine any reason for it. But that hasn't stopped us in the last week or two, bad news ignored day after day.