An interesting article shows how the International Security Exchange Equity Ratio is showing that the market may be showing bullish signs.
I don't understand the angle about options traders being "fearful" but I gather that he is saying that people who are short on the market are skiddish.
He shows how there were only 4 other times since 2006 where the ratio is where it is now and most of them were key bullish indicators.
Reliance Capital in focus - Reliance Nippon hires Nomura, JM Financial, CLSA to mange IPO
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