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:
Election Years Are Different | Tom McClellan
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We are now firmly into this election year, with both major parties'
candidates determined. This moment is pretty early for that type of
resolution. It ha...
34 seconds ago