More and more asset managers sound alarms about the markets. The recent one comes from Mary Callahan Erdoes from J.P. Morgan Asset management. She points out to the run of Russell 2000 (the index of small-cap stocks) – is up almost 10% this year (through yesterday’s close).
The run of FAANG stocks continues (Facebook, Apple, Amazon, Netflix and Alphabet). The warning signs sound louder and louder.
Are the investors getting more and more complacent? Where are we on the standard cycle of the investor's emotions: Optimism, Excitement, Thrill, Euphoria, Anxiety, Denial, Fear, Desperation, Panic, Capitulation, Despondency, Depression is anybody’s guess?