For the first time in history people are Net Short Volatility
Now that volatility is close to the lowest it has ever been people are positive it is going lower...
After that wicked V-Shaped Rally people are back to being the most bullish they have ever been. Just look at me, right now I am net long and I have been as big a bear as anyone.
I am more convinced that the bull market is on it's last legs now than ever. But when does it end? I simply do not know. It could happen any day. Tommorrow or a year from now..