Complacency Index

vs S&P500

• Dow Jones Industrial Average Adjusted For Inflation - At 16,000 resistance
• US CPI versus ECRI's FIG & TIPS Spread Inflation in US now lower than Japan
  

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Subject:	Scam Market Bubble or Not, Complacency Is Near All-Time High
Date:	Sat, 23 Nov 2013 07:06:15 -0800
From:	Jas Jain

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Scam Market Bubble or Not, Complacency Is Near All-Time High

Attached is a graph of a simple Complacency Index that I developed in 2006 that is useful in determining good time to accumulate long-term puts.

Complacency Index = (% Bulls – % Bears) - .5*(VIX + VXN)

Jas

• Century of the DOW - Log Chart of the DJIA from 1900
• Investors Intelligence Sentiment vs S&P500
• Graph 10 & 30-Yr T-Bonds vs S&P500