Where's the Irrational Exuberance

"Be fearful when others are greedy and greedy when others are fearful." ~ Warren Buffet

Despite record highs for stock indices,  I don't see much irrational exuberance yet.  In fact, many investors are like me, cautious and expecting a correction.  The decline of 2007 to 2009 is still fresh in my memory, as it is for many others.  

The market has gone over 5 months without a 5% correction, which is surprising since there are an average of five 5% correction in a year.    Still,  I don't see much greediness either.   In fact, people I know seem to be mostly in cash waiting for a correction.

Perhaps, this is the time to be greedy.   Unfortunately, I'm too afraid to be greedy with many market indices at all time highs.

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This is not financial or investing advice. Please consult a professional advisor.

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