FYI: You don’t have to look as far afield as Rio to find all-time records being smashed to bits in the last two weeks.
The US stock market has been celebrating Team USA’s string of gold medals by posting a string of new highs, having staged a decisive recovery from its “Brexit” swoon, after Britain voted to leave the EU in late June. The three major indices – Standard & Poor’s 500-stock index, the Dow Jones Industrial Average and the Nasdaq Composite – even scored new records simultaneously for the first time since 1999, the height of the dotcom boom.
So why, amid all this market ebullience, do most ordinary investors feel downright glum?
Regards,
Ted
https://www.theguardian.com/business/us-money-blog/2016/aug/21/stock-market-records-ordinary-investors
