Sotheby's for two-decades has been one of my favorite barometers to see when the bubbling prices in Wall Street had spilled over into optimism about all things collectible. The profits at Sotheby's Auction Houses is a barometer for how much cash is burning a hole in collectors pockets and a measure of sentiment, for sure.
See what you think it is telling us now!
I'll put this as a "Long" for BID, just so it isn't a neutral. I am seeing this as a PAIRS trade to Buy BID, Short SPY
1:18PM EST August 20, 2014 SPY
198.82, BID 41.04