Sunshine and lollipops. That’s exactly what investors are thinking about these days. It turns out, the recent increases in the markets have us all going gaga for more. We’ve drunk the Kool-Aid, so to speak. A recent survey by investment bank Wells Fargo shows just how happy we’ve become over the last few months.
While it’s one thing to be happy, when you mix that optimism with a hefty dose of stretched equity valuations and stalling growth, bullishness could be deadly.
This is especially true when history is your guide. As investors, we may want to take the current round of “happiness” with a grain of salt.
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Off the Charts
Talk about a Trump bump. Thanks to Trump’s pro-business stance and policy points covering lower taxes and growth, stocks have continued to push toward record highs. With the Dow Jones breaking 20,000 as well as the NASDAQ and S&P 500 hitting record highs, investors are feeling pretty good about their prospects. And that bullishness is highlighted in a quarterly survey by investment bank Wells Fargo.