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Swings in Sentiment

By Helene Meisler

 About this article:
 Sentiment is all over the map. Monday there were too many bulls. On Tuesday there were too many bears, and on Wednesday we were back to too many bulls. Are folks that confused here? Or were they all trying to game the end of the quarter and now they are trying to game the employment number? What surprised me the most was that we moved down most of the afternoon, and typically when we do that the Index put/call ratio, which was under 100% almost the entire day, would start to "rally" late in the day. But that never happened. That's why I wonder if folks are trying to game the employment number that will be out later today. Away from that, there wasn't much else going on in the market. Breadth was terrific; no, make that superb. I fully expected when I posted my stock charts...

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