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

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)


No comments yet! Be the first to add yours.