Consumers are the most bullish ever (?)

The Federal Reserve Bank of New York came out with a survey on Monday showing that consumers are the most optimistic about stocks in the 7 years they've been doing it. That automatically raises a red flag for knee-jerk contrarians, but it's not that easy. We'll see on Tuesday that the survey has a mixed record, and interestingly, those who should know least about the market have the best record, and they're relatively bullish. The "smartest" people have had the worst record and they're currently less optimistic about stocks.