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Are we in for a rebound?

Tuesday, October 25, 2016 6:24
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(Before It's News)

Today we've had a pretty heavy drop in the SPY, that has been preceded by a series of down days. It could be tempting to join the panicking crowd, but the crowd usually gets it wrong.
The put/call ratio and the VIX/VXV ratio tell their own story:

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Both of them are pretty high, the situation that is usually accompanied by a pop in the market.
Disclosure: I'm long.

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