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

To: Mark Ivan who wrote (17243)	12/8/1998 6:22:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 18056

Mark, I guess you have not looked at my recent market call history - especially since mid October! -g- That said, I think the market has to teach a lot of participants a lesson. Until that happens it is difficult to be bullish in this market. I see extreme levels of bullishness, very low put/call ratio (~0.53 yesterday), taunting of momentum traders who claim themselves to be "investors" etc. etc. Given this, at least in the short term we should have a significant correction (~10%). Add to that an external event (eg. Brazil devaluation), we shall have a BK (~30% in 2 months). Take it for what its worth.