I remember showing this Fear, Hope and Greed chart around a fair bit back in 2008-2009 as I tried to talk clients and prospective clients into being patient with the cycle.
I spent a great deal of 2014 on the equity sidelines with "new cash" because I did not see value in many equity markets.
However, is it different this time?
Sorry about all the "geeky" charts, but pictures are worth 1000 words!
Scott Tomenson,CIM Managing Partner, Chief Investment Strategist