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To: ild who wrote (279375)3/9/2004 3:26:23 PM
From: ild  Read Replies (1) | Respond to of 436258
 
Date: Tue Mar 09 2004 14:56
trotsky (stock market) ID#377387:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
quote from Russell:

"Mark Faber notes that according to a Yale School of Management poll, 95% of individuals and close to 92% of financial institutions believe US stocks will be higher 12 months from now. People are bullish about the stock market.

The percentage of cash held by mutual funds has dropped to an historic low of 4.3%. Funds are extremely bullish regarding the stock market, at least with other people's money.

Advisors have remained bullish for 44 consecutive weeks. Bullishness is now rampant with Investor's Business Daily's poll of investment advisors showing the bullish percentage now at 59.6% while the bearish percentage is at 18.8%. The bullish percentage of advisors has prevailed for months on end."

it can be almost guaranteed that this consensus will be bitterly disappointed...