My find is quite stunning: the P/C Ratio is now at the lowest level since late 2003, so it's at a 6 to 7 year low (and only because data prior to that is not available!).
So, as unbelievable is might seem, this mesure of bullishness in the market indicate that people are more bullish that at the top of the housing bubble, and at the top of the stock market in 2007...
click on the image for bigger picture
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