Zeev's Turnips Patch-No Politics (ZEEV)

[market_watcher]

P/C 1.45...seems all the boards are expecting seasonality to play out here...rarely does the market do what the majority expects...the P/C has consistently risen on recent market pullbacks...i say this trumps current sentiment readings.

In what time frame? Daily indicators are way overbought, even relative to just the March-now timeframe.

Also, and I made this point on aj's board, you can't possibly expect the big boys to come back from vacation and pay 10% more for stocks than they did in June. It's against everything they stand for.

I can just see it now:

"Hey, this is Morgan Bigmoney over at Goldman Sachs. Can you get me 100,000 shares of Intel at 29? I plumb forgot to buy them at 20 before I left for vacation. Thanks."

Check out minyanville.com, they've got a great chart of the 'retail p/c ratio', the p/c ratio of trades from 1 to 10 contracts. Right now, that p/c ratio is about .55