Further Investor Sentiment Checks
Measures of investor anxiety continue to run at elevated levels. The VIX and VXN are both rising today. And the CBOE put/call ratio is again running above the 1.0 level.
Last week, the VIX hit spiked to its highest level since March 2004. And the VXN rose to its highest level since August 2004. Both of those marked meaningful bottoms in the market.
Also, a colleague of mine on TheStreet.com noted that odd-lot short sales hit a record last week. This is another indicator that usually spikes near market bottoms.
So far, the market is still struggling to right itself. But I am still hoping that we get a rally sometime this week to turn things around.
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posted by J. Kahn @ 10:41 AM
1 comments
1 Comments:
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