BALTIMORE (Stockpickr) -- You hear that? It's the sound of investor anxiety slowly retreating from stocks.
As impressive as this 2012 rally has been, it's been marred by extremely high levels of investor anxiety that have threatened to derail the S&P 500's climb every step of the way. Anxiety isn't exactly an easy thing to measure -- while instruments like the VIX give some indication about investor anxiety, directional bias means that they're a whole lot less effective during rallies.
But Treasuries do offer some clues about what people think about Mr. Market right now.
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