If you’ve been wondering where investor euphoria is, look no further than Bitcoin – about 13 million people around the world are cheering Bitcoin 10,000. Oh sure, US stocks are now in the second longest bull market on record (the longest was 1982-2000), but there seems to be a missing element to the current stampede: all-out excitement. Remember the late 1990s, when everyone was talking about stocks? It certainly doesn’t feel that way today. In fact, investors who call into my podcast and radio show seem to be more concerned about the downside, then the upside.
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