Americans "still bullish"

[Doug Henwood]

[This is not reassuring. And, on the basis of my reliable indicator - 
whether I get calls from mainstream reporters to comment on the 
financial carnage, which is usually a buy signal - we're nowhere near 
a bottom.]

<http://www.gallup.com/poll/releases/pr010315.asp>

March 15, 2001

After Stock Market Drops 317 Points, Americans Still More Bullish Than Bearish
By 57% to 37%, say decline below the 10,000 mark is no big deal, but 
majority have less confidence in economy

by David W. Moore

GALLUP NEWS SERVICE

PRINCETON, NJ -- According to a CNN/USA Today/Gallup poll conducted 
Wednesday night, after the Dow Jones Industrial Average dropped more 
than 300 points during the day and closed at its lowest level in 
almost two years, Americans remain more bullish than bearish about 
the stock market. By a margin of 57% to 37%, they say the close of 
the index below the 10,000 mark is no big deal rather than a 
significant milestone, and by a somewhat smaller margin of 52% to 
38%, they describe themselves as bulls rather than bears. 
Furthermore, by a margin of 29% to 16%, Americans expect the stock 
market to be better rather than worse in the next six months, with 
half expecting it to stabilize.