VIX Volatility Daily Chart 7 1/2-Year Low Uber Complacency and Complete Lack of Fear Signals Market Top

The low CPCE and CPC put/call ratios and low VIX, as well as record bullishness in the Investors Intelligence Survey all verify the uber complacency in markets. There is a complete lack of fear as markets climb a wall of Fed. Fed Chair Yellen flashes her pom-pom's cheer leading the stock market higher yesterday guaranteeing that the easy money punch bowl will remain full forever.

The VIX prints a 7 1/2-year low at levels reflective of the 2007 multi-year market top. Falling wedge patterns (pink) indicate a rocket-ride upside move is coming soon. The red circles highlight the significant market tops over the last eight years and the green circles identify the significant market bottoms. What do you think will happen?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 11:33 AM:  VIX prints a LOD at 10.42. Yellen can throw one heck of an easy money booze and crack cocaine party. Dance while the music is playing but make sure you saunter over and remain next to the exit door. The mass of humanity trying to squeeze out the tiny opening will be quite a sight to see.