It is an important point that is frequently raised by investors in defense of the second longest bull market history. For all of its gains since the calming of the financial crisis so many years ago, we have yet to see the euphoric blow off top in stock prices that marks the end of a bull market. In fact, quite a bit of skepticism remains in this market today despite how far it has risen. As a result, we are nowhere near the extreme sentiment levels that would mark the end of a bull market. Thus, stay long stocks. If only it was that easy, for it is likely that the euphoria is already upon us. The key is knowing where to look for it.
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