Stock Markets a Study in Mass Insanity

… Yes, stocks recovered from their brief October swoon, and yes, they are at — or very close to — their all-time highs. Indeed, everything is so awesome that investor sentiment has never been more positive. If you worry that having too many people on the same side of the boat is a sign of complacency and over-confidence, the following chart should frighten you:

http://www.peakprosperity.com/blog/92477/heavens-sake-hedge

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