Am I seeing this correctly? Has Barron’s finally
thrown in the towel on the Citibank Panic Euphoria measure? We have voiced our criticism of this indicator (repeatedly), which has been pinned in the Panic range for the past year or so.
For those who want a major firm substitute, allow me to suggest the following:
James Montier of Dresdner Kleinwort Wasserstein Fear/Greed indicator
DrKW Fear and Greed Index
click for larger graph
Source: Thoughts from the Frontline
Each of their sentiment readings actually is perceptive, swings to and fro, and has a degree of anticipatory prescience . . .
UPDATE: March 25, 2006, 8:52 am
Doh! Its in the print edition, but not the online version.
The Citibank Market Sentiment measure lives — and its moved into the neutral zone between panic and euphoria.
Never mind . . .
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.