The last 3 weeks have seen stocks surge at their fastest pace in years (on dismally low volume) but CNN’s Fear & Greed-o-meter only got back to “Neutral”. The simple reason is… the components of the index have never been more bipolar – Extreme Greed in stocks and options and Extreme Fear in junk bonds.
One of these things is not like the other…
As various indicators simultaneously exhibit extremes of fear and extremes of greed…
* * *
We wonder who will be proven too ‘extreme’.
Charts: CNNMoney and Bloomberg
via Zero Hedge http://ift.tt/13OUDtU Tyler Durden