Throughout the current bull market & previous bear market, the Total Put/Call Ratio has only dropped to such extreme levels 4 times, including Monday's 0.56 reading. The previous drops in the $SPX that followed ranged from about 17% - 55%. Will it be different this time around?

Total Put-Call Ratio Exrtremes May 13th

Total Put-Call Ratio Exrtremes May 13th

 

Monday's Index Put/Call ratio extreme low of 0.35 shows a level of complacency not seen throughout this bull market or even leading up to the previous bull market top in 2007. This clearly shows a lack of fear amongst market participants & could be construed as bearish from a sentiment/contrary perspective.

Index Put Call Ratio Extremes May 13th

Index Put Call Ratio Extremes May 13th