We review the possible mechanisms leading up to the phenomenon of a pseudog
ap which characterizes the normal-state properties of high-T-c superconduct
ors. We suggest that this pseudogap is not due to superconducting phase flu
ctuations and hence is not related to a crossover between a BCS state of Co
oper pairs and a Bose-Einstein condensation of local pairs. We rather argue
that it is due to uncorrelated pairing which is already manifest in the lo
cal electronic structure and accessible by photoemission and tunneling expe
riments.