"The Only Thing We Have To Fear Is The Lack Of Fear Itself"

Tyler Durden's picture

With NYSE margin debt at extremes once again, complacency at all-time highs, valuations (across equity and credit) frothy, and the cacophony of bullish consensus momentum chasers, it seems the anti-thesis of FDR's speech appears quite appropriate...

Extreme Sentiment - check!

 

Extreme Leverage - check!

 

Extreme Complacency - check!

 

Extreme Valuations - check!

 

 

(h/t @Not_Jim_Cramer)