Part 2/9:

Drawing from the words of former Federal Reserve Chairman Alan Greenspan, who famously referred to the market's behavior as "irrational exuberance" in 1999—just before the tech bubble's burst—a warning sign is being raised once more. Historical data suggests that market peaks often coincide with overwhelming investor optimism, which precedes downturns. As observed in previous instances, such as the tech bubble collapse around 2000, a significant drawdown of approximately 50% occurred.