ES -- DX/CL -- isee -- cboe put/call -- specialist/public short ratio -- trinq -- trin -- aaii bull ratio -- abx -- cmbx -- cdx -- vxo p&f -- SPX volatility curve -- VIX:VXO skew -- commodity screen -- cot -- conference board

Tuesday, February 27, 2007

 

fear and greed


via big picture, a measure of market sentiment that has gone (before today) off the reservation with optimism.

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.

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