Stocks accept started potent inwards 2010 (SPY; bluish line, bottom chart), exactly banknote that equity put/call ratios accept fallen toward levels that betoken an above-average bird of bullish sentiment. Levels below .50 accept latterly been associated amongst short-term marketplace peaks; this is or as well as thus other indicator I'll hold upwards tracking inwards the coming week.
Meanwhile, this helpful longer-term nautical chart of Investors Intelligence thought (top chart) from Decision Point illustrates that nosotros are seeing multi-year depression levels of bearishness amid traders as well as investors. Interestingly, it's to a greater extent than the absence of bears than the presence of bulls that is distinguishing the electrical current market--a surprising grade of complacency given economical conditions.
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