If there's anything that could cure all the bullishness on Wall Street, Liz Ann Sonders thinks it's all the bulls.
The chief investment strategist at Charles Schwab, by the way, is herself firmly in the camp of those who think the market's directions is decidedly higher, even after surging more than 20 percent in 2013.
But there could be a bump or two along the way, caused primarily by growing sentiment that the market has nowhere to go but up.
Speaking at the Schwab IMPACT 2013 investor conference—which this year has pulled together about 1,900 investment pros looking to gauge the market's direction—Sonders talked about "dumb money" indicators and "smart money" indicators and what they mean. (The Smart Money Confidence and Dumb Money Confidence indicators come from the Sentiment Trader site.)
(Read more: Smart money? Looks like it's really mom and pop)