[Text is Redacted: Purchase December 2015-12 to Read the Complete Chronology]
collapses to 0.54 indicating uber complacency. The CPC is down to 0.82. The low put/call ratios signals a lack of fear that stocks will sell off. Traders are relaxed and complacent expecting the rally to continue. Instead, the low put/calls signal that a near-term market top is on tap any day forward and stocks should sell off. The stock market is moving choppy sideways.