I think price levels have more to do with it. When Buffett said be greedy, he meant when prices were down (bear markets)...not all time highs with some worry out there...that would just be called a bull market rising with a wall of worry.
So, what is it right now? Greed at all time highs or fear at all time highs because of the perma bears out there? Perma bears exist in every bull market and even up to the point the market actually tops. For there to be true fear, don't you think investors would have to back it up with action...like actually selling shares? I don't understand how fear could exist if people don't actually sell. Maybe Buffett would also say this, "Don't think others are fearful when they only have a little anxiety"? Just my 2 cents.
There is always going to be greed in the markets. Those who fear missing out will jump with both feet if they believe they will miss the bull market. The same way for those who believe the perma bears scare tactics and sell in fear! Both mistakes fatal for retail investors and traders. When I say perma bears, I am referring to those selling their services via newsletters and advice like they actually, know the actual date the market will crash. These fear mongers do not disclose the fact that they took huge positions in gold and would benefit the most from their trolling! Of course, gold would skyrocket if the market crashes! These perma bears are probably, losing customers which is why they are trying to aggressively, peddle their wares! Lots more of them coming out of the woodwork. Who wants to pay someone monies for you to miss the bull market and lose your monies?
