CPC and CPCE Put/Call Ratios Signal Significant Market Top

The CPC and CPCE put/call charts show the complete lack of fear and complacency in the markets right now. Traders are drunk on the Fed and BOJ wine. Long players don lamp shades and dance around daily as markets only have one direction; up.  The central bankers said they will support the markets forever so the living is easy and the longs get longer. Margin interest is at levels equal to 2007 as long players grow greedy levering up positions since the Fed will support stocks forever. The red circles show the significant market tops over the last couple years and the green circles show the significant market bottoms. What do you think will happen?

Warren Buffet's old saying is "be fearful when others are greedy and be greedy when others are fearful."  Stocks are not attractive on the long side until fear and panic returns when the CPC moves above 1.20. That will be an excellent place to start scaling into longs. For now, the charts speak for themselves and down should be the direction forward for the broad indexes but the futures are positive once again. Projection is for a significant market top to occur at anytime, any day moving forward. 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.