We have now retraced 100% of the drop from March 2002 on the Dow and S&P500; On the Nasdaq, we are back to levels not seen since June 2001.

A few data points reaching multi year extremes:

1) The Volatility Index hit a 52 week low:

15 year VIX chart (click to open)
vix_15_year

2) Put call ratio has dropped to levels not seen since March 2000:

CBOE Put/Call (1995 to present)
where data is below 0.40

12/26/97 0.30

02/23/00 0.37
03/09/00 0.38
03/10/00 0.39
04/07/00 0.37
07/12/00 0.39
07/14/00 0.38

01/21/04 0.33

Kinda scary, huh?

Category: Finance

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

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