Jerry sends his best from Florida where he's monkeying around this week.
The ValuWave this week shows an astonishing minus 60% cash indicated for individual stock accounts.
(Note that the "bullish" line has been lowered a bit.)
I suggested to MM that we attempt to re-scale the database we have based upon the two extremes we now know (+65% at the market high and -134% at the low of 1974). I'm sure he'll let you know if that works out.