A diary of the thought process behind my investment decisions
Are We There Yet
My view continues to be that we are close to a major top. The put/call numbers were once again off the charts yesterday. I have had to adjust the axes of many of my charts in the past week as many of the readings were literally off the charts. We are in the quiet period before earnings so I was not expecting to see much share issuance this week. However, we did see a decent amount of secondaries announced yesterday. The largest being CF Industries and Dollar General. I think that there is a decent chance we see a down day today.