Tuesday, February 27, 2007
fear and greed
in conjunction with recent developments in market volatility (historic lows), mutual fund cash (all time low) and margin (all time high), there are a number of contrarian signals out there screaming for a selloff in equities -- not to mention junk bond issuance and other non-equity indicators. today we got one. was it enough? perhaps for now, but in the long run i sincerely doubt it.