While it is, at best, a secondary indicator, the put / call ratio is signaling a potential short-term bottom. We'll know more Monday morning as we see futures trading before the open.
We've stuck stubbornly to our position through the storms of the past week deeming them to be of little consequence to corporate earnings. But stubbornness isn't often a winning trait in investing. If the markets tell us this coming week that heavy selling is the trend we'll make moves to preserve cash.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.