Nobody talked like this five years ago before dot com fever . The horrors of bear markets have faded away. Nobody remembers what it was like back then. Reality is what is before us. Most think if the market does fall, it's a buying opportunity.
Most investors think that like recessions, bear markets have also been repealed.
Perhaps it's because of the excitement of dot com glitz and glamour that bear markets have been all but forgotten. In the middle of a mania, it is human emotion that dominates men's minds. Rationality is replaced by the mood of the crowd. Nobody likes to talk about their mistakes, especially when it appears that everyone is getting rich. Greed is good.