Go to the Amazon.com link below for TIMING THE MARKET by Deborah Weir (Wiley, 2005).
Email: DebWeir@WealthStrategies.bz
Take her class at the NY Institute of Finance: nyif.com/courses/fimk_1014.html.
Wednesday, September 20, 2006
The Put/Call ratio is high at 1.4. This sign of extreme fear is bullish for stocks.
2 comments:
Anonymous
said...
Deb,
Isn't it unusual to see this level of fear after a run UP in stocks, surely this would normally occur after a serious correction? There seem to be alot of anomolies at the moment.
Dear John, You are right. I assume that the inverted curve, recent hedge fund failure (Amaranth), and coup in Thailand are causing the spike in the Put/Call ratio. Many traders fear a re-run of the 1997 currency crisis that started in SE Asia. Best, Deb
2 comments:
Deb,
Isn't it unusual to see this level of fear after a run UP in stocks, surely this would normally occur after a serious correction? There seem to be alot of anomolies at the moment.
Enjoying your commentary,
Dear John,
You are right. I assume that the inverted curve, recent hedge fund failure (Amaranth), and coup in Thailand are causing the spike in the Put/Call ratio. Many traders fear a re-run of the 1997 currency crisis that started in SE Asia.
Best,
Deb
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