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Bully for the bear market--here for now. (Investing).

Publication: Indianapolis Business Journal
Publication Date: 04-FEB-02
Format: Online - approximately 828 words
Delivery: Immediate Online Access
Full Article Title: Bully for the bear market--here for now. (Investing).(Brief Article)(Column)

Article Excerpt
So, will it be six more months of bear market? I don't know about the groundhog, but every logical indicator says we are far from seeing the bull again.

As a matter of fact, the entire bull case rests on extremely shaky evidence. All of the positive forecasts rely on a rapid acceleration of the slightly improved economic and earnings reports that we have seen recently. No one seems to be recognizing the fact that the good reports can, and most likely will, turn south again. There is an overriding blind faith that the first signs of improvement after a downturn mean everything is OK. Since 90 percent of everything you see, hear and read is from the bull camp, I will present...

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