heres a couple of charts to put into perspective the degree of bullishness in the stock market right now.
The Equity put call ratio is sitting right down at the peaceful bliss level for the last few weeks.
As far as I can see,
the recent jolt that the market experienced has been met with a nonchalant shrug of the shoulders.
Its hard to kill a 10 year bull market for sure.
But after rising for ten years, all this market knows is bullishness!
This chart shows total put volume on the CBOE.
Again the volume of put buying is at historic lows!
So there is no chance of a top any time soon according to option buyers...........................
Here we go!