Melua,
It might be worth your while to consider looking at the Japanese index over the past 20 or even 50 years.
Also the put/call ratio is still running down at the same levels or even lower than those that have marked major market highs (Oct '07 and May '08 are circled below)... Not trying to be a smart alec but if you can show me a time where the early stages of a bull market had the same put call readings that we have now I'd be very interested to see it.
Cheers.![]()
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