The retailers are all gonna be in a bear market relatively soon, some of them of course already are. They're just blown up left and right but if these key sectors are going into bear markets like the financials then what is the odds that the entire market doesn't go into a bear market?
This is a case of absolute and complete denial.
(audio excerpt from the Peter Schiff Podcast, Ep. 413: Investors Oblivious as Multiple Bubbles Pop)