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Strategies & Market Trends : Value Investing

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To: James Clarke who wrote (10340)4/15/2000 12:05:00 AM
From: Q.  Read Replies (1) of 78516
 
Two sentiment indicators suggest that we are within days of a bottom:

* Today VIX reached its highest level since Oct. 98. Two views of this:
tscn.com
tscn.com

* CBOE equity put/call ratio is unusually high

Both of these indicators point to a very high level or investor pessimism, and they are historically good at indicating bottoms when they reach extreme levels, as they did today.

I bought OEX calls at the close today. When you're in a hurry because you think you're near the bottom, this is faster than shopping for stocks.
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