The chart of the day comes courtesy of ETFdaily news. It shows that while the market has been rallying off late and the Vix has been hitting lows near the 13 level, the CSFB fear gauge has surged to a record high. This shows that institutional investors have been buying out of the money put hedges in large amounts and are not believers in this rally:
The Cannabis Civil War: Hemp vs. Marijuana
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With federal legalization of pot indefinitely stalled, hemp products have
bloomed into a $28 billion gray industry determined to get America
high—legally.
41 minutes ago