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

To: John Hunt who wrote (17249)	12/8/1998 6:58:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 18056

John, thanks! Interesting site. Please note: <<LOOK OUT BELOW: At 11:45 a.m. today, the index put-call ratio was 0.90, while the equity put-call ratio was 0.32. These numbers indicate an extreme lack of fear about a decline in the stock market. Combine this with pathetic new high totals and a deteriorating advance/decline line, and the fact that the highest P/E stocks are showing the strongest relative performance, while the Russell 2000 remains below the LOWS of autumn 1997 (equivalent to the Dow failing to regain 7000 after its best attempt), along with seasonal tax selling; expect U.S. stocks to undergo a major decline over the next few weeks. >>