I continue to maintain my hedge in equities and expect a correction off the August 16th low.
While I do anticipate this move to be only a correction, once the decline begins I will get a better pulse on the intermediate term health of the market.
Thursday, October 4, 2007
Equity Market Comment - 10/4/07
While the market has yet to break, the put/call ratios over the last 4 days are starting to show some serious short term bullishness.
I continue to maintain my hedge in equities and expect a correction off the August 16th low.
While I do anticipate this move to be only a correction, once the decline begins I will get a better pulse on the intermediate term health of the market.
I continue to maintain my hedge in equities and expect a correction off the August 16th low.
While I do anticipate this move to be only a correction, once the decline begins I will get a better pulse on the intermediate term health of the market.
Did you see the Investors Intelligence sentiment numbers? Most number of bulls since the market highs in July!
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