So, I thought to myself, I wonder what this index was back in 2005. I was guessing that agents were pretty optimistic then, and that this index might be a useful contrary indicator … Turns out the index has been around for 16 months. So, I guess the bar for reaching a “new low” is pretty low.
In other news, I created an index called the number of days in 2010. It just hit an all time high today.