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Strategies & Market Trends : Rande Is . . . HOME

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To: carepedeum2000 who wrote (54752)8/31/2001 10:51:55 AM
From: DlphcOracl  Read Replies (1) of 57584
 
The high ARMS Index readings and high put/call ratios have been present for over a month. We had similar put/call ratios at the beginning of July. If you used this an an "indicator" to jump back into the market, you have suffered significant losses over the past month.

Meanwhile, the U. of Michigan Consumer Sentiment Index was weaker than anticipated, consistent with similar surveys reported over the past week. The possibility that the consumer is frightened and pulling in his/her horns is very real. This is seen in the large outflows from mutual funds and the increased savings rate over the past few months.

I am not going for any of these headfakes before we get to earnings warning season. Too much guesswork, too much stress, not enough upside to justify it. Better buying opportunities will present themselves over the next 4-6 weeks.

DlphcOracl
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