The streak has continued through Wednesday. Tuesday's reading was the second lowest in six years (Below are the lowest three P/C occurrences since 2006):
Previously, I had shown that the index put/call ratios were extremely low in the past 6 months. Over the past six years, combined, index put/call ratios were only below "1" fifteen percent of the time. In fact, instances of the ratio below "1" were once considered outliers. In the past three weeks there has only been one day when the ratio was above "1". Indicating speculators are now using index options to increase market exposure rather than to hedge.
I suppose this would all be a lot more fun, if it wasn't the third debt sponsored, greed-inflated bubble in 13 years.
Now we all just look stupid...