US stock markets continue to stretch ever higher, taking many global indicies with them. But I haven't seen such extremes in market sentiment, complacency and psychology since late 2007 (remember when the global economy was humming, growth and interest rates were in a Goldilocks period, unemployment was low and financial markets worldwide were at or near all-time highs). We all know what then unfolded.
Don’t look for bearish news to trigger a reversal of the trend. Bull markets tend to end not on bad news but on good news.
History may not repeat, but it sure does rhyme. Interesting times ahead...
