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September 5, 2006


S&P 500 Should Pass May High Given Bearish Sentiment

The last six weeks the ISE Sentiment Index has shown a disproportionate number of puts being bought even as the market rises. Since folks are expecting the market to fall, I’m pretty confident the S&P will move above the high reached last May.

See also: I’m Thrilled: Sentiment at Worst Levels Since March 2003 (June 18, 2006) [Try to find a mainstream, or alternative, financial publication that was "thrilled" on June 18.]

20060901 sentiment

This entry was posted on Tuesday, September 5th, 2006 at 10:12 am (utc+8) and is filed under Trading and Investing.

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