The chart of the day comes courtesy of ETFdaily news. It shows that while the market has been rallying off late and the Vix has been hitting lows near the 13 level, the CSFB fear gauge has surged to a record high. This shows that institutional investors have been buying out of the money put hedges in large amounts and are not believers in this rally:
Is Something Starting To Break? Stocks Plummet And Bonds Go Nuts As
Economic Data Disappoints
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Are the financial markets headed for trouble? There was quite a bit of
panic on Wall Street on Thursday after more bad economic numbers were
released. ...
36 minutes ago