Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Skew I understand that pro money managers think people won't pay them to have their money in cash. Lance Roberts at realinvestmentadvice has related how when he got clients out before the last big sell-off they were upset about missing out on the last parabolic part of the rise and left him anyway. But BofA Merrill was relating how the major accounts have been selling equity for the last 8 to 10 weeks and we are in a retail investor lead phase. So it makes sense that the pro money is getting out if they can and buying insurance if they can't. So if they are wrong next leg up is when they redeploy the cash they are raising.
Trades with cats wrote:Skew I understand that pro money managers think people won't pay them to have their money in cash. Lance Roberts at realinvestmentadvice has related how when he got clients out before the last big sell-off they were upset about missing out on the last parabolic part of the rise and left him anyway. But BofA Merrill was relating how the major accounts have been selling equity for the last 8 to 10 weeks and we are in a retail investor lead phase. So it makes sense that the pro money is getting out if they can and buying insurance if they can't. So if they are wrong next leg up is when they redeploy the cash they are raising.
watch skew relative to vix, and it's fairly insane...these levels calling for a good pullback over next 4-8 weeks...
That skew/VIX chart is insane, I suppose part of that is the volatility repression in the marketplace, but even then it really shows how crazy this market has become.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.