CPC Put/Call Ratio Daily Chart; Unbridled Optimism, Complacency, Fearlessness and Bullish Euphoria Indicates Major Stock Market Top

Hit the deck!! Take cover! She's gonna blow! The low put/call drama is ongoing to begin the year and the crescendo may be on tap tomorrow with the Federal Reserve rate decision and Chairman Powell presser. Powell is a short-timer now with only two meetings remaining after tomorrow; a meeting in March and then his swan song farewell meeting at the end of April. His term ends in May.

Nothing has changed. Like going to the dentist; you can put it off but it only results in more rotted and decaying teeth. The fuse on the stick of dynamite only has a half inch remaining (1.2 cm) and she is going to blow sky high and take the stock market to Hades.

The expectation is for the stock market to top out any day and to begin an extended downward slide. With the Fed meeting on tap tomorrow, it may serve as the catalyst to push the pile of crap over the hill. If not, it does not matter, nothing changes. If it is happy talk that wins the day, give it a few days and it will be set up again to go over the cliff. The complacency does not disappear until pain, despair and agony appears and takes its pound of flesh over the coming weeks. Gloom, Despair and Agony On Me.

As the stock market begins falling, a drop of from 200 to 1,000 SPX (S&P 500) points is expected, say, over the next month. Last year topped out the third week of February. This year, the stock market is a bloated piece of sh*t that is long overdue for a collapse due to the outrageous and unprecedented complacency. Are you ready to take a ride on that Highway to Hell? Bon is singing so it is early days. Angus has his little book bag to complete his school boy uniform trademark image he carries to this day (he would run home to play his guitar after school every day and never even take a minute to change out of his school boy uniform). This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

Note Added Wednesday, 1/28/25, at 9:30 AM EST: Ding, ding, ding. The SPX tags 7K on the opening bell. The new all-time high is 7002.28 ahead of the Fed decision and Chairman Powell presser.