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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (42159)	9/22/2005 10:25:17 PM
From: Wyätt Gwyön	Respond to of 110194

MO P/C ratios are no longer can be associated with market sentiment. Puts and calls are sold en masse to "generate safe income" i have heard of that sort of thing, but i don't know whether that totally invalidates the indicator. even as volatility has come down (presumably due to all the "generation" of "safe income"), you still see upward and downward variation. if you look at the QQQQ P/C on Schaeffer's site, it has made a huge one-way upward ramp since putting in a bottom in late April. assuming his numbers are correct, that seems to me to be some kind of indication. OTOH, XLE P/C ratio nowhere near as extreme as it was in April (which was a great buying opp in retrospect).