Yet another bubble of excess falls off a cliff - we'll know in the fullness of time what effect Dubai will have on the precarious global picture. Meanwhile Klunkers for Kars expires today -222,000 turned in, helping the sales numbers. Dow Theorists may observe that the Transports have put in a Head & Shoulder Top, in a divergence from the Industrials.
Although the AAII has the Bulls and Bears tied last week at 41.7, the I.I. (Inv.Intell.) has a huge spread of 50.6 to 17.6- Conventional wisdom is that the zugzwang of forced performance by money managers will carry us through '09; after the Dubai shocker, little was changed on the Holiday week, except lower Volume.
| MktSentiment | Last Week | Prev. Week | 5 Year Hi | 5 Year Low |
| DJIA: | 10309 | 10318 | 14093 | 6626 |
| Nasdaq: | 2138 | 2146 | 2126 | 1114 |
| S&P 500: | 1091 | 1091 | 1561 | 683 |
| CBOE Eq. put/call: | 58 | 64 | 96-10/08 | 46-1/03 |
| VIX: | 24.7 | 22.2 | 90 | 8.8 |
| McClellan Osc: | -28 | -29 | 108 | -100 |
| McClellan Sum: | 393 | 414 | 1568 | -1514 |
| Newsletter Surveys | ||||
InvestorsIntel.Bull: | 50.6 | 46.1 | 63 | 22.21 |
InvestorsIntel.Bear: | 17.6 | 21.3 | 54.4 | 16 |
AAII Bull: | 41.7 | 42.7 | n/a | n/a |
AAII Bear: | 41.7 | 31.8 | n/a | n/a |
| Nova/Ursa Mutual Funds: | 0.70 | 0.64 | 2.2 | 0.56 |
| Mutual Fund Flows: | n/a | 1.6B | ||
| Money Market Flows | -7.8B | 3.7B | ||
| ETF equity:Monthly Totals | Oct.691B | Sep.$580B | ||
| Baltic Dry Index: | 3974 | 4507 | 11700 | 663 |
Bullish %: | 77 | 76 | 88 | 2 |
| Insider Corporate Sellers: | 26:1 | 31:1 | 108:1 | 2.4:1 |
| VIX Volatility: | -63 | -62 | 12 | -70 |
| VIX 1-month Future: | -61 | -62 | 2 | -59 |
| VIX 5-month Future: | -19 | -21 | 8 | -23 |
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