put call ratio on cboe and isee, both are at levels after a correction, not after one of the longest rallies in history.
IN march and april 2000, we got a put call ratio under .4 on the cboe. Now, I dont expect those kind of numbers ever again, but .6 would be normal right now, instead we are getting over 1 on small pullbacks of less than 1%.
The isee was over 200 (today at 100) on sept 14th of last year, the last top.
So I want to see less fear in both, or at least one of those befoer we can call a top. Yes, the vix is low, but no reason it cant go lower after this kind of 4 year bull market and low volatility recently.
