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Scary data!

Posted By Barry Ritholtz On January 21, 2004 @ 5:17 pm In Finance | Comments Disabled

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 [1]

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?


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