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 http://bit.ly/eJJfR3
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Lee_Adler
@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
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