I am curious about what the Options and Futures markets for the major stock market indices (SP500, NASDAQ, DOW) looked like heading into 2000, 2001, 2002. Seems there was an awful lot of optimism back at the end of the Nineties…since an awful lot of prognosticators seem to have gotten it wrong back then, wouldn’t it have made sense that the futures markets might have looked eerily similar to what the CME housing market futures look like today ?(you know…predicting extremely modest declines of 1-3%, but no major risks ahead)

Just curious..I do not have the facts with me, just questions.