Complacency Is No Longer the Case

Was it just two weeks ago I highlighted the CNN Fear and Greed Index as showing complacency with a reading over 80%? As of today, it has collapsed to 31%. Clearly, complacency is no longer the case. Once this moves under 20%, I consider it extreme.

We know complacency is no longer the case because the equity put/call ratio zoomed up to 88%. Readings over 80% show concern and a level of fear in the market. Yet the total put/call ratio didn't even come close to 100%. The index put/call ratio was most shocking at 69%....429 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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