Stocks Rally to 'Extreme Greed' Levels, Raising Concerns of Overextension
• Investor enthusiasm towards stocks has surged to high levels amid an 8-week rally, signaling the rally may be hitting a limit
• Sentiment indicators like the CNN Fear & Greed Index are flashing "Extreme Greed" readings
• Survey data shows consumers and investors are very bullish on stocks right now
• Veteran analyst Ed Yardeni said "bullishness has gotten a bit excessive of late"
• While overbought conditions often precede short-term pullbacks, they don't necessarily end long-term bull markets