Replies to post #253562 on Zeev's Turnips Patch-No Politics (ZEEV)

[lee kramer]

Do you not realize the Belmont is to be run in 15 minutes? The horses are soon to be approaching the starting gate! Whttamatta with you anyhow? Does this mean Mr. Bush will return from Europe? Will they call the race off? OY!!!!

[Burk]

Yeah, it's interesting. That's why I wanted to get some opinions. Thanks and we'll watch it!!

[Public Heel]

Hamilton, as usual, is trying desperately to make a bearish case out of an obviously bullish indicator (being primarily, a short-seller, I wish he were right, but I don't think he is). I think the high P/C ratio is much more straightforward and easy to explain. People are very bullish on the market, but very worried, at least for the summer, about terrorism. W/o terrorism, the market should soar. If something really bad does occur, though, the drop may be so drastic that puts will actually come to the rescue...

[Joe Stocks]

I think think the high PCR has as much to do with hedging as it does with being bearish. Many of us figure that the terrorist will something big before the election, so why not put on some defensive positions in place? I don't see the 'fear' in the market that should be a companion to a PCR of 1.0. I don't see donning the bull-cap over this.