CPC Put/Call Ratio Signals Significant Market Top

Amazing and special markets these days. The CPC put/call chart continues to show complacency in the 0.7's. Today fully illustrates the fearlessness with the VIX falling back through 13 and trader's feeding off of Chairman Bernanke's words like an addict feeds off a syringe stuck in his bulging vein.  Today traders were mainlining QE in raw form. Global bellwethers like FDX and CAT are telling everyone all is not well. Ditto Dr. Copper. But Sugar Daddy handed out more fun and frolic today and traders reach for handfuls of the booze and crack.  The put/call says stocks are not attractive to buy on the long side until 1.20+. The 0.7 readings signal a significant market top. 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.