The Last Time This Few Americans Thought Stocks Would Drop, They Crashed

According to the latest Conference Board survey, 80% of Americans surveyed believe that stock prices will not be lower in the next 12 months. The last time the nation was so convinced of the market's 'permanently high plateau' was in the fall of 2007, as the S&P topped...

Only 20% of Americans believe stocks will fall in the next 12 months - that is the lowest number since mid-2017

What happened next was not pretty (oh and in 1999/2000...)

And don't forget that speculators have never been more net long Dow futures...

 

Still it's probably nothing. If biblical floods and threats of nuclear armageddon can't take stocks down, what will?