Do We Have a FOMO or FEMO S&P 500 Bull Market?
Looking at today’s S&P bull market, we can ask if it’s FOMO or FEMO.On Friday, the S&P 500 closed at a record high of 7757.64. As a bull market, historically, it fits in the middle:The late 1990s had what economist Dr. Ed Yardeni calls a “meltup/meltdown scenario.” As a dot. com-dominated era with a FOMO driven climb, investors had the “Fear of Missing Out.” While we can cite some tech parallels with today’s highs, instead, FEMO–fabulous earnings momentum–is the fuel. ….[READ]
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by budgetbuddy.
Publisher: Source link
Publisher: Source link
