The wealthy are investing like a market bubble is here, or at least near

The wealthy are investing like a market bubble is here, or at least near

The survey from Morgan Stanley's E-Trade was conducted from January 1 to January 7 among an online U.S. sample of 904 self-directed active investors who manage at least $10,000 in an online brokerage account. The millionaire data set broken out exclusively for CNBC is comprised of 188 investors with $1 million or more of investable assets.The seeming contradiction in the continued bullishness at a time of rising bubble fears is not as stark as it seems. This bull market has defied every risk thrown at it and market experts continue to believe the path of least resistance is up. Though the bullish path may require some portfolio tuning-up with greater focus on undervalued sectors of the stock market.Here are a few findings from the E-Trade survey that speak to where the investor mindset is right now.1. Millionaires are more bullish that the broader investing publicThere is a lot of focus and chatter right now about an overextended market and a dotcom bubble-like environment, making it hard to tune out the noise for many investors. But among these affluent investors, even with their own bubble fears rising, they are increasingly bullish and more bullish than the broader investor universe. Sixty-four percent