Red cloud type thing behind Character

[Pure_Mind_Games]

I've this red cloud thing behind my head, and it only appears if Ring of Magical Sharpness is unequipped, what the hell does is it?

[MissGloom]

I get this too, but only when I have Ring Of Avarice equipped... No clue what it is. Wish I did.

EDIT: wow... sorry for dragging up an old thread :P