Investors Are Getting Greedy. Warren Buffett Might Think They are "Playing With Fire."
Investors may want to exercise caution right now.
Overview
After months of stagnant performance, major market indexes are soaring yet again. The S&P 500 (SNPINDEX: ^GSPC) and Dow Jones Industrial Average (DJINDICES: ^DJI) have both hit new record highs in August, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) has surged by more than 8% since late July.
Investor sentiment has also shifted in recent weeks. The Fear and Greed Index measures investor sentiment on a scale of 0 to 100, based on data from seven market indicators. Lower numbers suggest that fear is predominantly driving the market, while higher figures imply greed. The index currently sits at 62, which is well within the "greed" range.
Details
While nobody can predict the market's short-term movements, Warren Buffett has a famous warning about times like these -- and investors may want to exercise caution.
Source
Originally published at www.fool.com.