While this bull market has often been called an unloved rally, characterized by a lack of conviction in the strength of its fundamentals and frequently said to be the outcome of an abnormal investing climate shaped by central bank tinkering, not everyone agrees the market has yet peaked.
Speaking to CNBC on Wednesday, William Hobbs, head of investment strategy for the U.K. and Europe, sounded a note of caution about misreading signs.
"People are mechanically now looking for reasons to turn negative. And for us actually that probably means there's opportunity still as we're not having a fair and balanced debate about the fundamentals of the market," he said.
Along the same vein, Kleinwort Benson's Chief Investment Officer, Mouhammed Choukeir, rang a skeptical tone over the contention markets are now peaking.
"Market tops are characterized by euphemism and euphoria and we're clearly not there. Valuations are potentially extended but from a sentiment standpoint this is not what you see at the top of the market. You usually see a surge in IPOs (initial public offerings), M&A (mergers and acquisitions), there's this optimism about the economy and the markets as a whole, earnings expectations are on the rise. That's not the environment we're in," he told CNBC Wednesday.
And indeed, Choukeir interprets the lack of enthusiasm in many pockets of the investing world as a positive factor for those intending to stay in the game.
"That's a cause actually for optimism as an investor to be contrarian and go against the mood. That's what we've been telling our clients, to stay with it," he added.