Category: bear markets

Bounce or crash, that’s the question. 2

Bounce or crash, that’s the question.

Here’s the latest chart of the 5-day average equity put:call ratio. Option markets have done a lot to correct the historic extreme in complacency that we saw in April. Indexindicators.com Stocks are still only...

Blame the computers? Bah humbug. 8

Blame the computers? Bah humbug.

Did the computers drive the Dow down 25% in a week in May 1940 (no, there was no major war news that would have justified such a move): TD Ameritrade Here’s the Dow for...