I am trying to read up on this and better understand it. Some info for those interested I found http://www.traderrisk.com/index.php/2009/01/05/my-risk-indicators-liquidity-index/
More strangeness: According to the ISEE index the retail option traders picked the BOTTOM of this latest run. http://www.ise.com/WebForm/viewPage.aspx?categoryId=126&header2=true&menu0=true That deserves its own thread.
I think people are afraid GM will be the next shoe to drop. Big money isn't going to come in untill the big three are delt with.
"You cannot escape the responsibility of tomorrow by evading it today." -- Abraham Lincoln What I really want to know is how the friggin' hell did we come this far? Was the recent 25%+ rally warranted? It's always the same shit, different story. Running from one extreme to another, just like chasing one bubble to another, we remain a bunch of swine that are driven by irrational exuberance and a shitload of fear and loathing.
those were effective apr 1. so it has to be something else. this is going to be an interesting development to watch.
Bond market is reversing, that's all. Haven't we all been waiting for this to happen as a sign of recovery?