Bullish stock investors are feeling invincible.
For example, I recently received a taunting email from an investor who is 100% convinced that the Dow Jones Industrial Average DJIA, -0.56% will hit 18,000 by January because author and professor Jeremy Seigel said so. This investor advised me to buy mutual funds or stocks so that I do not “miss out on the rally that is certain to come.” Really? A 5% gain is possible but hardly certain.
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