FOMO = Fear Of Missing Out
With the stock market recent big and fast rebound from March 23 lows, people may be thinking they've missed their opportnunity to buy at low prices. They may be even worried that they may miss significant gains since the market will continue to rise to new highs. The result may be panic buying, which will drive the market higher.
Bear market sharp rallies are common and often fail, resulting in going to new lows.
For now, I am still not buying.
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This is not financial nor investment advice. Please consult a professional advisor.
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