...when market participants lose all sense of fear, we should be more fearful.
...it is difficult being a bull or a bear; bears have been crushed, bulls are about to be. But bulls are not across the board, so too easy to get blindsided.
In today's consumer confidence report from the Conference Board, the % of respondents who think stocks will be higher in the year ahead, dating back to when the question was first asked in 1987: https://x.com/pboockvar/status/1861455300601041083
