Between the Hedges Between the Hedges

Portfolio Manager's commentary on investing and trading in the U.S. financial markets

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Thursday, January 17, 2008

ISE Sentiment Index(ISEE) Makes New Record Low 

Bottom Line: The ISE Sentiment Index(ISEE) made a new record low this morning of 23.0. This is well below the prior record of 36.0 on July 3, 2006. This contrary indicator has had a very good track record in the past for marking meaning market bottoms.

The positions and strategies discussed on Between the Hedges are offered for entertainment purposes and are in no way intended to serve as personal investing advice. Readers should not make any investment decision without first conducting their own thorough due diligence. Readers should assume the editor holds a position in any securities discussed, recommended or panned. While the information provided is obtained from sources believed to be reliable, its accuracy or completeness cannot be guaranteed, nor can this publication be, in any way, considered liable for the future investment performance of any securities or strategies discussed.

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