An Intriguing Juncture for the Market
In the middle of the session Thursday, sentiment had gotten rather extreme, with the put-call ratio sinking into the 60% level -- an area not seen since late November, just before the market headed south again. But there is nothing like a midday decline from the highs to get folks to pull in their horns, and by the end of the day the put-call ratio was at a much more neutral reading of 84%.
I still expect the 30-day moving average of the equity put-call ratio to turn up sometime in the next week or so, but it has not yet done so....432 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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