New sentiment indicator? Forget Skirt lengths, watch collars?

Trying to gauge market sentiment is a challenge. But that does not mean people don't keep trying. From measurements based off of skirt lengths, to closed end fund discounts, to the VIX we just keep trying. The newest candidate is Credit Suisse's so-called "Fear Barometer" out which is based on collars (as in the option position not what is at the top of a shirt).From Fear of a Recovery -