It appears, unlike in the mid 2000s, that the low level of volatility and high level of stocks has not had the desired effect on ramping animal spirits among the general population. Judging by the number of “optimistic” stories, peak animal spirits passed at the start of 2012… as optimism is now back at crisis lows…
Source: Bloomberg
via Zero Hedge http://ift.tt/1oKbzVg Tyler Durden