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Mom and Pop Aren’t the Ones Getting Suckered by FOMO
The current bull market is historic. According to Goldman Sachs Group Inc., it’s been 10.7 years since the last 20% correction, the longest such run in more than 120 years. In 2019 alone, the S&P 500 Index has surged more than 25%, with recent gains being attributed in part to investors chasing performance as trade optimism lifted the market. Many on Wall Street use the acronyms FOMO (fear of missing out) and TINA (there is no alternative) to explain it. But if there are buyers who feel compelled to pile in to stocks at this time, they don’t include retail investors. In fact, when it comes to this group — and ... (full story)