Loading ...It wouldn’t surprise me at all if they gas the stock market higher here and flush the bears. Fight the fed and lose.
Fear is starting to take over, as many sentiment indicators are flashing levels that have marked near-term bottoms over the years. Remember, once everyone sells, that is how bottoms can take place as only buyers are left.
One indicator that caught my eye yesterday was the CBOE Total Exchange Put/Call Ratio. This ratio came in at 1.53 yesterday, the fourth highest reading ever. In other words, we saw massive bearish puts trade relative to bullish calls. read more
