For the better part of the last two years, it's been all systems go for bulls on Wall Street. Since the start of 2023, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S 500 (SNPINDEX: ^GSPC), and growth stock-powered Nasdaq Composite (NASDAQINDEX: ^IXIC) are higher by 25%, 47%, and 69%, respectively, as of the closing bell on Sept. 13, 2024, and have all hit multiple record-closing highs this year.

While there's little question that a resilient U.S. economy, along with investor euphoria surrounding artificial intelligence (AI) and stock splits, have driven equities higher, it's important to understand that stocks can and do move in both directions.

According to investing great Warren Buffett, "Be fearful when others are greedy. Be greedy when others are fearful." The time to be fearful has officially arrived for Wall Street and investors.

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Source Fool.com