Put/Call data thru 4/3/08

Below is a graph of the 10-day (RED) and 60-day (GREEN) put/call data relative to the S&P 500 over the past three years through today’s close on 4/3/08. The 60-day appears to be topping out at an all-time record high level of 1.10. If recent history is any guide, as the 60-day rolls back down, the S&P 500 should realize notable gains.

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