> My only idea: That everybody more and more EXPECTS the market to crash soon and therefore reacts to each little move down with more and more fear of that happening.

You bet. Nowadays, rather than ask "will the market go up", I ask myself, "how much more positive news do we need for the market to go up, versus negative news for the market to go down?" At an ATH, it's more likely that we'll have that little negative news bringing the market down, than that *lot* of positive news to bring the market up. Everyone wants a guarantee, but all we can get are probabilities.

Seasonality: It's also Fall. The market (usually) goes down in Spring, peaks (usually) in Summer, falls (typically) in Fall, and rises again in Winter. We definitely had our fall in Spring, and last year's fall in Fall was late September.

Sentiment: I've been following the CNN Fear and Greed Index for four years. I've noticed that it's not really useful until it hits Extreme Fear, which it consistently did Thursday and Friday, with some Extreme Fear for a few hours on previous days. I place buy limits on EF on the weekend. In April, the buy limits triggered as stocks went *down*, but eventually came back up. Definitely not fun watching stocks I bought go down. MacroMicro is good for an Index chart over a longer period: en.macromicro.me - Cnn fear and greed

I have a Twitter thread, where I've been keeping track of the Index when it's at Extreme Greed and Seasonality: X (Twitter): When stock gaps dare to fill (@ced1106) / X

Had by birthday yesterday. Tomorrow, I'm gonna buy some presents for my stock portfolio, or at least limits! :D I buy familiar stocks :P so have been picking up (LTBH accumulate) ROE_Cash stocks. I read the negative news about $AMZN and it's pretty interesting that the stock is no longer on ROE_Cash after being there for, what, years?

ROE_Cash GOOG MSFT NVDA META TSLA