Loading ...“This is what everyone has been waiting for: Retail investors becoming super-optimistic about stocks. In 1999 and early 2000, high enthusiasm for stocks was a powerful sign that the stock market bubble was on its last legs. Of course, no one can say how much higher their enthusiasm will surge this time around. During the dot.com bubble, the index hit 178 for a moment before the market came unglued, at a horrendous expense to those very same investors. But the current level of the index has already left the optimism before the Financial Crisis of 2008 in the dust.”
Based on these various factors, Gallup has increased its confidence index to 138, just shy of its brief all time high of 178 during the Dot-com bubble. For retired investors, the index is even higher at 158.
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