10 YR SPX/VIX RATIO Not often mentioned, but the relation of fear and complacency to the market price can be helpful to guage the level of bullishness present.
I contend, thrice passing the 2000 BUBBLE TOP of this ratio, is there any doubt in your mind where we are now?
Are we setting out to some new and great horizon?
Or is this correctional cyclical bull move treading water, and in gross danger of passing out?
When looking at 2000 BUBBLE TOP reading, is it fair to wonder with PRICES BELOW but COMPLACENCY abounding AND FEAR MISSING, what that means for the road ahead?
Duratek, just one bozo's opinion
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