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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (1560)	9/4/1998 7:41:00 AM
From: Box-By-The-Riviera™	Respond to of 3339

Individual investors look decidedly bearish-survey NEW YORK, Sept 3 (Reuters) - Individual investors are slightly less bearish this week, but optimism remains stubbornly near a four-year low, a closely-watched Wall Street survey said. The American Association of Individual Investors said that for the week ending Sept. 3, 1998, it found that 23 percent of respondents were bullish, 37 percent were neutral and 40 percent were bearish. That means there are slightly fewer bears on Wall Street than last week, when fully 45 percent of responders said they were bearish. The number of bulls remained low, at 23 percent, while the number who said they were ''neutral'' on the stock market's future rose from the prior week's 32 percent. According to the AAII survey, this summer has been the first time in nearly four years, since the summer of 1994, that the number of bulls has dipped below 25 percent. The results come amid a period of high turmoil for the markets which has brought the Dow Jones industrial average back below the 8,000 level from its July 17 high of 9337.97. The Dow closed on Thursday at 7682.22, down 100 points or 1.3 percent.