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
Jonathan Wilmot of CSFB, which measures “Risk Appetite”
Risk Appetite: Too Soon To Panic About Euphoria
Source: Jonathan Wilmot, CSFB
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 . . .