Sunday 1 March 2015

Stock Market Investors Are Mistakenly Assured By Two Shaky Generalities

Investors are complacent, even confident, regarding the prospects for 2015. That is in spite of the market being at valuation levels higher than all but one previous market peak of the last 100 years, while the economy appears to be slowing, corporate earnings growth is slowing, and the bull market has lasted an unusual length of time without a correction. In fact, the high level of investor optimism and confidence is itself a concern.



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