A diary of the thought process behind my investment decisions
Very Extreme Readings
We are seeing very extreme readings this morning in the put/call ratios. The total ISE is at 34, which is likely a record if it closes here. The CBOE is at 1.22 and the CBOE equity only is over 1. We definitely saw some fear this morning. The fear does not seem as extreme as the put/call ratio's are, but regardless this is a positive from a contrarian standpoint.