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To: Cynic 2005 who wrote (3828)	8/13/1998 3:53:00 PM
From: yard_man	Respond to of 86076

I agree. Very slow in coming, but sentiment is changing. Remember the kind of rallies we used to have: people buying and not looking back -- the rallies we're getting now -- it's just not the same.

To: Cynic 2005 who wrote (3828)	8/13/1998 4:03:00 PM
From: Defrocked	Read Replies (2) \| Respond to of 86076

Decliners>Advancers almost 2 to 1. VIX up 2% to 29.7%. No sell programs today. DJI breaking thru 200DMA of 8497.22. Rent the movie "The Edge" if you want to know what its like getting mauled by a hungry bear<g> DD had a PE of 11 in Oct'95. Current PE of 29.7 is proving rich as well as estimated PE of 16.4 given denials by management. You gotta be a Pollyanna to hold stocks this fall. BWDIK. Remember discussing two most important pieces of info. during the bull rally?? Mutual fund flows and overnight action of Foreign stocks. Remove these and fear could emerge yet. This is a "bad close" down 90 and SPoos near lower arb.pt.

To: Cynic 2005 who wrote (3828)	8/13/1998 10:32:00 PM
From: Investor2	Read Replies (3) \| Respond to of 86076

RE: "Thus far, the market tested the endurance of the bears. Weaker ones got assimilated either to the bull camp or left pennyless. The stronger ones remain in the battlefield. Given this, the bear population has gone down dramatically in the last year or so ..." I think your above statements are correct. However, the last week or two has seen a resurgence of bearishness, which in my opinion is somewhat bullish. Also, there are a few stocks out there that are really very good values, based on recent historic dividend yield. Best wishes, I2