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Pastimes : CNBC -- critique.

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To: Ted David who wrote (8395)8/23/2001 6:14:43 PM
From: Shtirlitz  Read Replies (1) of 17683
 
Ted, next time anyone of your guests mentiones bearish sentiment of this market, could you please show them this chart and ask them what they think.

schaeffersresearch.com

This is the chart of Put/Call ration on Nasdaq 100 QQQ.

It shows complete lack of fear and enormously growing bullish sentiment, even as the market keeps sinking.

The lower the Nasdaq goes the more calls they buy.

And the last time Put/Call was above one ( indicating that more people are buying puts then calls) was just after the April low.

If there is anything you tell about the market sentiment is that market is incredibly complacent and lacks any fear whatsoever.

The same indicate the VIX VXN and QQV volatility indexes.

People bought stocks and are sitting and waitng for a rally. But with this complacency levels they may get something completely different
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