Citi’s Tobias Levkovich shows how the market has sunk back to Panic levels, based on the firm’s proprietary Panic\/Euphoria model.<\/p>\n
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For what it’s worth, the model is based on a collection of sentiment indicators including “NYSE short interest ratio, margin debt, Nasdaq daily volume as % of NYSE volume, a composite average of Investors Intelligence and the American Association of Individual Investors bullishness data, retail money funds, the put\/call ratio, CRB futures index, gasoline prices and the ratio of price premiums in puts versus calls.”<\/p>\n
As we’ve highlighted in the past, these black box models are best used by comparing them to themselves. Thus while the recent model reading shows a panic level based on Citi’s indicators, we can see that on a relative basis Citi’s indicator is well above where it was in March, and equal to a level of sentiment seen during 2005. So perhaps Citi’s Panic line needs to be adjusted downward slightly.<\/p>\n
(Via Citi Investment Research, “The PULSE Monitor”, Tobias Levkovich, 30 November 2009)<\/em><\/p>\n Join the conversation about this story »<\/a><\/p>\n See Also:<\/b><\/p>\n Citi’s Tobias Levkovich shows how the market has sunk back to Panic levels, based on the firm’s proprietary Panic\/Euphoria model. For what it’s worth, the model is based on a collection of sentiment indicators including “NYSE short interest ratio, margin debt, Nasdaq daily volume as % of NYSE volume, a composite average of Investors Intelligence […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-57287","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/57287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=57287"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/57287\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=57287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=57287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=57287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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