Well, That Didn't Take Much
All week long I have noted that, if we could see some downside in the market, we'd likely see sentiment get pretty bearish. After all, folks got very bearish last week from just one down day. Yet it didn't even take more than a morning of downside for this to occur -- maybe because we've seen so much sideways action of late. The put-call ratio went above 100% Wednesday for the first time since July 20!
This doesn't mean it is now "up, up, and away," but it surely tells you how many folks want to be hedged or short heading into the Fed's Jackson Hole, Wyo., symposium this weekend....347 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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