Not sure if I am reading this correctly. In 1993 when it was near a record high the SP went on a 7 year bull market immediately afterwards. You bullish in here? 6/23/14
@Closingbasis: According to sentimentrader.com, the SKEW index is an options indicator and gives an indication of the probability of a black swan event. The SKEW/VIX ratio is a valuation measure of a black swan event. 6/23/14