We have now retraced 100% of the drop from March 2002 on the Dow and S&P500; On the Nasdaq, we are back to levels not seen since June 2001.
A few data points reaching multi year extremes:
1) The Volatility Index hit a 52 week low:
15 year VIX chart (click to open)
2) Put call ratio has dropped to levels not seen since March 2000:
CBOE Put/Call (1995 to present)
where data is below 0.40
12/26/97 0.30
02/23/00 0.37
03/09/00 0.38
03/10/00 0.39
04/07/00 0.37
07/12/00 0.39
07/14/00 0.38
01/21/04 0.33
Kinda scary, huh?
