With stocks and oil rallying, today King World News is pleased to feature a key chart that helps to explain why the volatility in the stock market has increased so dramatically. This piece also covers Russia’s troubles as well as what is happening in the crude oil markets.
Here is the Investors Intelligence report along with the all-important sentiment chart: The DJ and S&P 500 fell more than 3% last week while the NASDAQ and Russell 2000 lost 2%. Losses continued Monday as crude oil fell to $55/bbl. The US recovery remains strong but Russia moved to the forefront of troubled economies around the world. Many of our market indicators retreated with the averages and advisors continued to shift away from bullish stances. So far their worries are short term with mentions of the traditional seasonal strength between Christmas and New Years Day.
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