We should note that according to those investor surveys, bullishness did come up just a little bit around the same time, right?

我们应该注意到， 根据那些投资者调查，看涨情在同一期有上升，对吧？

So it's like we've got this situation — bad economic data, worries about inflation tied to high valuations and high investor bullishness.

所以我们面临这样一种局面——糟糕的经济数据，高估值引发的通胀担忧， 以及投资者极高的乐观情。