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:
Duncker Streett & Co. Inc. Acquires 245 Shares of Visa Inc. (NYSE:V)
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Duncker Streett & Co. Inc. increased its holdings in shares of Visa Inc.
(NYSE:V – Free Report) by 2.0% during the fourth quarter, according to the
company...
36 minutes ago
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