The Cboe Equity Put/Call Ratio is nearing pre-meltdown levels. Since the index measures the volume of equity puts versus calls, it will rise on an increase in bearish bets and fall when demand is greater for bullish ones. The ratio peaked this year at .88 on Feb. 9 following the market’s 10 percent drop to start that month.
The CBOE S&P500 Volatility Index (or VIX) is almost back to pre-meltdown levels too,
The 10-year T-Note volatility index is actually below the February meltdown level, but above the January and early February levels.
The market is stabilizing as The Fed engages in The Fed Boogie.