Comment: Greg has called this market perfect for years. Today he introduces a market risk indicator concept. Good info.
Here is the formula:
"The MANNARINO MARKET RISK INDICATOR. This is based on a range from 50-400. You Arrive At A Number Within This Range by Taking The DXY and Multiplying That By The 10yr Yield, Then Dividing That Number By 1.61.
Today That Number Stands At Near 86, Which Is A Low Number. A Low Number Means We Should Be Taking On Risk In Stocks- Owning Them. A High Number Means We Need To Minimize Risk.