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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (8832)	11/21/1997 10:39:00 AM
From: studdog	Read Replies (2) \| Respond to of 18056

Doom and gloom in the bear camp, all those puts worthless, no posts to speak of on this thread. BUT, bonds going up, no change in the overall set up, I sure don't see many earnings upgrades, and lots of downgrades and warnings. THese seem to be ignored and the market goes up. As I stated a few days ago, I felt the market wasn't as overvalued as I thought in my original bear conversion, but it was still overvalued.Everyday it goes up it gets more overvalued, so why aren't the bears salivating? If you have bear convictions it seems much more appropriate to buy puts or short at S&P 960 than at S&P 900. Yes? This options expiration thing is pretty screwy but when its all over I would expect more of a downside move than an upside. A rally being led by Coke? I don't feel good about that. I don't really like being a bear, and I will switch as soon as I can find something good to buy. Nothing looks good to me yet. Karl