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:
Raymond James Financial Services Advisors Inc. Takes Position in Alpha
Metallurgical Resources, Inc. (NYSE:AMR)
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Raymond James Financial Services Advisors Inc. bought a new position in
Alpha Metallurgical Resources, Inc. (NYSE:AMR – Free Report) in the fourth
quarter,...
9 minutes ago