CPC Put/Call Ratio Daily Chart; Highest Reading in History; Rampant Fear, Panic, Doom and Gloom

The CPC spikes to an unbelievable 1.82 the highest number ever for the data set. Over the last couple days, traders and investors are selling out of positions with reckless abandon. They are throwing out the baby, bathwater and even the kitchen sink. The bulls have given up all hope that stocks can ever go up again. Fear and panic is rampant. Doom and gloom are the only friends the bulls know. You know what happens when there is blood in the streets and extreme negativity; yup, stocks recover.

With such a high CPC, if you have not already, it would likely be prudent to ditch all short positions and continue scaling into longs. Do not be surprised if the Dow Jones Industrials print a huge 1,000 point up day in one of the days ahead. The CPCE put/call remains elevated at 0.91; same dealio as explained above. 5-1/2 hours before the Friday opening bell, S&P futures are down -16 and the VIX up to 28.71; the bears continue growling; bulls are running for their lives screaming bloody murder. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.