Monday, March 15, 2010

Another Sign Of A Top

Bloomberg US Financial Conditions Index

http://www.bloomberg.com/apps/cbuilder?ticker1=BFCIUS%3AIND


Hitting multi year highs. You don't have to be an idiot to see whats going on. They should rename this index the Bloomberg US Financial ZIRP Bailout Greed Index. Why would it not hit highs?

Some say this is a measure of market strength.
The market is all about Fear and Greed.
I say its a vulgar measure of Wall Street Greed and greed is topping out.

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