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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (63650)	7/1/1999 10:16:00 AM
From: John Pitera	Read Replies (1) of 132070

I never put much stock in the put/call ratio. There are too many hedgers taking positions that have little relationship to straight trades and, of course, you can create calls using puts and create puts using calls, so I think the correlation with market moves is more an accident than a correlation. Michael, I just try to use them as a warning sign when they get to extremes. Thanks for that. John

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