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:
Real Madrid Freezes Important Contract Renewal, Reports OK Diario
-
La Liga giants Real Madrid have frozen an important contract renewal until
the end of the season according to the Spanish media.
12 minutes ago