Why is everyone so bearish?

[GREHERT@xxxxxxx]

I can't understand why everybody is so bearish.  The two main reasons cited 
by most experts are rising interest rates and the Y2K uncertainties (and lets 
not forget inflation).  Well as I see it, interest rates have just dropped 
more than 25 basis points; Y2K will probably be a big thud, and Greenspan 
will keep inflation in check with pre-announced rate hikes.

Technically, we're not due for a 20% S&P correction.  Remember we get a bear 
market every 4 years.  That would be 1990, 1994(stealth-bear), and 1998.  
Next one's due in 2002.  Two 20% corrections 12 months apart would be 
unprecedented.

I would guess that we have another 1994 zig-zaggy type summer with probably a 
test of the lows and as  soon as Y2K passes, an explosion torr the upside.   
Your thoughts?

Jerry Rehert