Could Excessive Optimism Be What Finally Cripples the Bull Market?

Is optimism the straw that broke the bull's back? Plus, more on what makes Planet Fitness so cool.

Author:: Brian Sozzi
Publish date:: Feb 23, 2018 12:48 PM EST

Optimism is a good thing, right? Wrong -- at least when it comes to the stock market. Despite the S&P 500 roaring back from the Feb. 6 correction lows, there is very good reason for investors to remain cautious, according to BofA Merrill Lynch. The investment bank's bull/bear indicator remains in "excess optimism" territory. Here's why that could be a real sucker punch for the stock market.

Meanwhile, Planet Fitness (PLNT) - Get Report CEO Chris Rondeau is still killing it. TheStreet's Executive Editor Brian Sozzi spoke with Rondeau about the gym's crazy growth and how it keeps competition from studio gyms in check. It's bulking season for sure.

Already looking forward to the weekend? We don't blame you. Get ready for your can't-miss weekend read with The Dumbest Thing on Wall Street. Here's a hint -- this weekend, the dumbest definitely won't be Warren Buffett.