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Barron’s: Buh-bye to Citibank Panic Euphoria Measure?

Posted By Barry Ritholtz On March 25, 2006 @ 6:22 am In Financial Press,Markets,Psychology,Technical Analysis | Comments Disabled

Am I seeing this correctly? Has Barron’s finally thrown in the towel on the Citibank Panic Euphoria measure? We have voiced our criticism [1] of this indicator (repeatedly [2]), 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 [3]

DrKW Fear and Greed Index
click for larger graph
Kdr [4]
SourceThoughts from the Frontline [5]


Jonathan Wilmot of CSFB, which measures “Risk Appetite" [6]

Risk Appetite: Too Soon To Panic About Euphoria

Csfb_risk_appetitie [7]

Source: Jonathan Wilmot, CSFB [8]


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 . . .

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2006/03/barrons-buh-bye-to-citibank-panic-euphoria-measure/

URLs in this post:

[1] criticism: http://bigpicture.typepad.com/comments/2006/02/a_year_of_panic.html

[2] repeatedly: http://bigpicture.typepad.com/comments/2006/02/panic_is_transi.html

[3] Fear/Greed indicator: http://bigpicture.typepad.com/comments/2006/02/a_better_panic_.html

[4] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/kdr.gif

[5] Thoughts from the Frontline: http://www.frontlinethoughts.com/article.asp?id=mwo021006

[6] “Risk Appetite": http://bigpicture.typepad.com/comments/2006/03/chart_of_the_we.html

[7] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/csfb_risk_appetitie.PNG

[8] Jonathan Wilmot, CSFB: http://www.csfb.com/home/research_and_commentary/html/docs/34508901.pdf

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