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:
Blackstone (NYSE:BX) Announces Quarterly Earnings Results, Misses
Expectations By $0.02 EPS
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Blackstone (NYSE:BX – Get Free Report) announced its quarterly earnings
data on Thursday. The asset manager reported $0.98 EPS for the quarter,
missing the...
26 minutes ago