Barron’s Confidence Index - Sentiment for Equities Improves

As often stated in my weekly “Words from the Wise” reviews, a confidence indicator worth monitoring is the Barron’s Confidence Index. This Index is calculated by dividing the average yield on high-grade bonds by the average yield on intermediate-grade bonds. The discrepancy between the yields is indicative of investor confidence. There has been a solid improvement in the ratio since its all-time l...
Original article from http://greenlightadvisor.com/glablog/2009/07/03/barron%E2%80%99s-confidence-index-points-to-bottoming-of-equities/