Attendee at a seminar: “There are bubbles in the market every now and then. What are the indicators of the next bubble?”
Expert speaker: “The day you stop thinking of this question, that is an indication of the next bubble.”
When everyone is hundred percent sure that the markets can only rise up, that is the time to be cautious.
Sir John Templeton has said, “Bull markets are born on pessimism, gorw on skepticism, mature on optimism and die on euphoria.”