The Mr Obvious Award goes to …

Concern is building that years of record-setting gains for U.S. stocks may give way to a market plunge, according to Jim Paulsen, Leuthold Group Inc.’s chief investment strategist. In a report Monday, he cited the Chicago Board Options Exchange’s SKEW Index, which shows the perceived risk for a so-called black-swan event that’s reflected in S&P 500 Index option prices. Paulsen cited a six-month moving average, similar to the 120-day version displayed in the chart. The latter average is just below a record set in August.


And here is the non-moving average SKEW chart.


Thank you Mr. Obvious.