Many investors are looking for protection by buying puts (shorting the market). Two implications.
1. Excessive fear is bullish. The market is known to make the majority wrong.
2. This level of fear is seen after the market has had a major decline. But we did not have seen one yet. Does it mean the market is still vulnerable?
This is one gauge we follow closely as well as many other proprietary indicators. We invite you to review them in each issue of The Peter Dag Portfolio. Why not subscribe now?
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.
Disclaimer.The content on this site is provided as general information only and should not be taken as investment advice nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.
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