Market Overview - Many stocks experienced record growth in 2025, but over one-quarter of investors are pessimistic about the market's future according to a survey by the American Association of Individual Investors [1] Market Indicators - The Buffett indicator, which compares GDP to the total value of U.S. stocks, is at a record-high level of approximately 221%, suggesting potential overvaluation and serving as a warning sign [5][6] - Historical context indicates that when the Buffett indicator approached 200%, it preceded significant market downturns, such as the bear market that began in late 2021 [6] Investment Strategies - Investors are advised to prepare their portfolios regardless of potential market downturns, focusing on quality stocks with strong fundamentals [2][9] - While some market metrics may indicate risks, they do not guarantee an imminent crash, and the unpredictability of short-term market movements remains [4][8]