Stockmarkets have boomed, and though that makes targets for acquisition pricier, such bullishness often presages a wave of big deals.

股票市场蓬勃发展， 虽然这使得收购目标变得更加昂贵，但这种乐观情绪往往预示着一波大的出现。

We should note that according to those investor surveys, bullishness did come up just a little bit around the same time, right?

该注意到， 根据那些投资者调查，看涨情绪确实在同一时期略有上升，对吧？

So it's like we've got this situation — bad economic data, worries about inflation tied to high valuations and high investor bullishness.

所以面临这样一种局面——糟糕的经济数据，高估值引发的通胀担忧， 以及投资者极高的乐观情绪。