Is This The Scariest Chart Of All?
Sentiment is a funny thing.
You need the madness of crowds for "blowoff" tops and "melt-ups" and other examples of speculative manias where the final act is characterized by figurative and literal buy-in from the entire universe of market participants - complete capitulation to the dark side by all but the most ardent of bears - acquiescence to the rally by everyone but the most incorrigible of skeptics.
But because manias are not manias without some semblance of euphoria, those betting on a c
So if the government shuts down, the Fed raises rates, the entire Trump staff is indicted and NK nukes DC… do you think that would push this house of cards over the edge?