In my opening post, I alluded to the fact that investor sentiment seems to have become a bit complacent. Given how much the markets have rallied, this isn’t surprising. Investors always become complacent toward the later stages of a given move.But the indicators I track are flashing a caution signal right now, and this is why I have raised cash and moved to a more defensive position.This morning, the volatility indexes (VIX/VXN) are spiking +13% higher, but the put/call ratios are still too low. This is not a good signal, and confirms what the moving[...]
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[Source: The Money Blogs]
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