The moral of the story is that when the St. Louis Fed says financial stress is very low, be afraid. Be very afraid.
@stlouisfed St. Louis financial stress index drops to 0.151, the lowest level since April. Yeah, that’s when the market topped out. Sell.
Lee_Adler @stlouisfed Your no stress indicator was still negative as late as 5/07 and was at current levels as late as 8/07. Sell, Mortimer! SELL!
Lee_Adler @stlouisfed Check out the St. Louie Financial Stress Indicator. A great fade. I made a comparison chart. http://bit.ly/i1sqyP