It looks like the ISE equity only is going to break its record today. With ten minutes left in the day it is sitting at 365 and the previous record is 280. I would note that the data only goes back to 2006. We have seen record breaking call buying the past few days. If past is prologue this is not a good thing for the bulls.
I am very proud of the high level of discussions that occur on a daily basis on the message boards here. Bulls and bears discuss the market in a civil manner trying to figure out together where the market is headed unlike what is seen on most message boards. Thank you. Have a good night.