26.01.2021 kl 12:02 1286
According to Citigroup, overall euphoria is at its highest level since the early 2000s.
That’s according to the company’s Panic/Euphoria Composite Index, which looks at factors like margin debt and options trading. It shows dramatically higher euphoria than we ever saw during the 11-year bull market. And it’s nearing 20-year highs, too.
Simply put, everyone’s bullish. And they’re behaving accordingly.
This is a dangerous time to be an investor.
It’s dangerous because while times are good now, we know what happens next.
After a furious Melt Up comes a crushing Melt Down.
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