#MarketGreedRising We observe its growth in a renewed appetite for risk, a collective 'fear of missing out' (FOMO) that drives prices far beyond their fundamental value. This is a psychological shift from 'How much is it worth?' to 'How much higher can it go?'

It's not just about stocks; it's evident in the frantic chase for speculative assets, the narrowing spread between high-yield bonds and investment-grade bonds, as well as the rise in call options. Of course, the media fuels the fire with headlines celebrating overnight millionaires and reinforcing the idea that easy profits are to be expected. Historically, this kind of euphoria has been a prelude to correction. The dot-com bubble and the 1929 crash both preceded periods when greed overshadowed reason. The danger is that this feeling becomes a self-fulfilling prophecy, pushing prices to unhealthy levels until the bubble inevitably bursts, often with devastating consequences for those who arrived late to the party.