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Be careful out there. Risk is rising as the DUMB money is on the loose.

Jason Goepfert’s blog,, keeps you up to date on how confident DUMB and SMART money are at a given moment. When DUMB money is relatively confident, measured as the red line below goes above the dotted line on top at 0.7. During May as stocks went down, DUMB money confidence waned even as SMART (blue line below 0.3) money rose. But here in the last week of June, Dumb Money turned around and is now overconfident once again. Fear of Missing Out runs in the DUMB money family tree.