Some of the signs of overheating:
• a CNNMoney.com article notes that 24 of the past 27 days have been up for S&P 500 index, tying a record not seen since 1927.
• insiders are unloading into the rally (as noted in an earlier post)
• the VIX measure of volatility is not going down – it is edging up
• the spread between corporate and government bonds is edging up
VIX 1-yr. chart:
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