Zeev's Turnips Patch-No Politics (ZEEV)

[Cashflow]

Zeev, equities unlikely to make new highs later today.

The equity P/C presently at .54 . As a trader with bearish equity positions on, it does my heart a world of good to see the willingness of the p/c ratio to fall. During October, the p/c ratio had a nasty habit of spiking - too many cooks, or rather too many bears. Combine this with a persistently low TRINQ (currently .36), QQV negative (.21 on the day), and you have the bulk of my reason for maintaining these bearish positions. FVX has risen with the bounce in the COMPX, currently +2.8 bps.