We have been descending in the presence of mountains of worry not climbing.
After war worries since last August, I think the public is getting ready to tune Bush out under the assumption that he is going into Iraq and that it will be over with in 30 days. The war is becoming less of a sentiment factor. The economy on the other hand is becoming the main issue.
It is clear that tech is in the beginning of a turn around and fortunes will now be made by the bulls rather than than the bears as we look forward.
Under these new conditions I expect the P/C to be less than it was during runups.
Market Data 
Markets 
AI
