from Between the Hedges
The ISE Sentiment Index hit an all-time low of 39.0 this morning. It is extraordinary that this gauge of retail option trader sentiment this morning was showing more bearishness than during the major bear market lows during late 2002/early 2003. As well, the CBOE total put/call hit a very high 1.39 again this morning. The 10-day moving average remains near record levels. The VIX is down today but is still near levels last seen in 2003.
Filed under: General
Posted on August 7th, 2007 by Bob Brinker