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:
Through Two Games, New York Rangers Are Keeping Alex Ovechkin Noticeably
Quiet
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Through two games one overlying trend is how the Rangers boast plenty of
depth and can score in waves with eight players scoring the goals and those
goals ...
4 minutes ago
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