FOMO Or FUBAR?

The stock market bulls are back, and with understandable swagger. After immediately brushing off the once-dreaded Brexit vote, stocks have soared impressively to the upside. In the process, they have finally broken out to new all-time highs last set more than a year ago in May 2015, marking the longest gap in history between stock market highs without a bear market in between. This latest surge has cemented even further the bullish investor perception that absolutely nothing can bring the stock market down.  For more risk-averse stock investors, the recently swift recovery in stocks presents a dilemma. It is time to succumb to FOMO — the fear of missing outon the next leg higher in stocks? Or has the market reached the point where it is simply FUBAR — fouled up beyond all recognition  — and is no longer a risk worth taking?

Please click on the link to read more of my article on Seeking Alpha.

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