The fact of the matter is, we've got a very nice global recovery being led by emerging markets countries, which collectively are bigger than America, pulling the developed world forward and consistently economic events are coming in better than expected, surprising people. Yet, people just keep batting it off, saying 'I don't believe it, anything good's going to morph into something bad, whatever happens is probably going to be bad.'
~Ken Fisher, Intelligent Investing with Steve Forbes, April 23rd, 2010
(For comparison, consider this recent snippet by Kevin Duffy from the Azimuth blog: "According to the latest Investors Intelligence poll of investment newsletters, for the week ended August 20, 51.6% were bullish and 19.8% were bearish. This reading of +31.8% net bulls registered the highest level of optimism since December 21, 2007. At the time the S&P 500 stood at 1484, on the precipice of a 65% plunge in 15 months.")