Wednesday, February 28, 2007

Here's the story: the put/call ratio at 1.7, a VIX that shoots straight up 80% in one day and all 30 Dow stocks declining together suggest buying stocks.

The high-yield spread over the 10-year, however, looks poor. Keep an eye on this measure of fear. It increased 7% yesterday and suggests putting a stop-loss under your equities.

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