ZT from RealMoney
Helene Meisler
3/8/2010 2:22 PM EST
The Index put/call ratio is over 200%. In the past year we have had three
other times this has reached over 200%. It turns out 2 out of the 3 times it
was a short term top in the market. Or at least we went sideways for
several days.
Add to this the ISE equity call/put ratio is also over 200%. This is usually
associated with a down day shortly thereafter.
Thus I think I would say sentiment is no longer leaning "too bearish." That'
s a bit of
