A Clear Sign Of Just How Rapidly Sentiment Is Deteriorating

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		Tech Media Wall Street Markets Strategy Sports Lifestyle Travel Politics Latest Video Thursday, June 9, 2011 A Clear Sign Of Just How Rapidly Sentiment Is Deteriorating The ratio of XLY (the consumer discretionary ETF) vs. XLP (the consumer staples ETF) is a nice little risk proxy, since investors by discretionaries when things are good, and visa versa. As you can see, that ratio has moved down sharply. But even more interesting -- as this chart from Waverly Advisors shows -- is the fact that it's already touched an outer band of the average (specifically, a 2-standard deviation move from the 20-day average), which is an event we haven't seen since 2008. Read » Also On Clusterstock Today: EXCLUSIVE PHOTO TOUR: Inside The White House Executive Offices Citi Sends Out "Tens Of Thousands" Of New Credit Cards Because Of Huge Hacker Attack The 15 Most Influential Women in Finance Phil Falcone SLAMMED With $1 Billion More In Redemption Requests Advertisement CHART OF THE DAY: The Complete History Of Oil Since 1861 CHART OF THE DAY: Horrible News For The Economy In A New Poll CHART OF THE DAY: Why Gold Doesn't Look Like A Bubble At All Share this: Buzz Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.careers@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Clusterstock RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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