A few charts showing the state of sentiment, and other technical factors.
On Tuesday, we made a Bullish trading call for RR&A subscribers — it was based on technicals and sentiment (since we launched Ritholtz Research & Analytics, I’ve had to move the trading calls off of the blog; it keeps the lawyers sane and the regulators happy).
Have a look at the 4 charts in question:
Put Call Ratio
None of this changes the longer-term perspective, or the views on the second half of the year; Rather, it recognizes the washed out condition and potential for a 3-6 week counter-trend rally.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.