DONT BE A BULL IN A BEAR MARKET
Is that appropriate NOW ??
TODAY"S OEX PC RATIO is at .51-- do you know what that means ??
There was 2 x the number of calls bot over puts.
SO WHAT, YOU SAY !!
THAT IS A VERY BEARISH RATIO which confirms the idea that TOO many options players Suddenly GOT BULLISH.
Or should we say bullsh**
2MRW is YOM KIPPUR DAY- L' Shanah Tovah
May the book of life shine and bless you and family for the coming year.
THE scenario right now is EERILY similar to 2008 when the DOW closed DOWN 678 pts on Yom Kippur day,and opened DOWN another whopper of 695 pts the next day, but closed off 128.