We may have lots of puts, but investor bearish sentiment is still far to low to even consider calling a bottom in the markets. In other words, we have lots of hedging going on, some short term speculative put buying, but still a bull/bear ratio that can head much lower: link
I am in cash today, waiting for a bigger bounce to short, maybe up to the 20 DMA for SPX if 10 DMA holds at the close. There is a long trade, if you are so inclined, but only daytrades.
I am in cash today, waiting for a bigger bounce to short, maybe up to the 20 DMA for SPX if 10 DMA holds at the close. There is a long trade, if you are so inclined, but only daytrades.
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on Friday, March 09, 2007 at 3/09/2007 01:23:00 PM.
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