The current reading for the 60-day put/call ratio is 1.00.
- In January 2000, when Brinker last lowered his asset allocation to equities , the 60-day put/call ratio was 0.525
- In March 2000, when the S&P500 peaked before the 2000-2002 bear market, the 60-day put/call ratio was all the way down to 0.475.
- In November 2002, shortly after the markets bottomed in October 2002, the 60-day put/call ratio was 0.86
- In March 2003, when Brinker returned to a fully invested position, the 60-day put/call ratio was 0.82
In his January Marketimer, Bob Brinker reported:
"The 60-day put/call ratio remains in bullish territory as the new year begins."
Brinker remains bullish, does not expect a bear market (as defined as a 20% or more decline in the S&P500) and he looks for new highs to be made in the year ahead.
- Monday, December 24, 2007:
Bob Brinker's Mid 1400's Buying Opportunity
If you want to read what Brinker said in his full update of this Marketimer stock market timing indicators, then you have to subscribe to Marketimer.
You can also read Bob Norton's free "estimate" of what Bob Brinker's timing model would do in "Bob Brinker Shadow Stock Market Timing Model Update." Brinker doesn't say if his individual indicators are bullish or bearish, but it seems Bob Norton made a direct hit with his estimate Brinker would remain bullish and fully invested.