BofA Flow Show: "Level 42"

by Michael Hartnett, Chief Equity Strategist, BofA  Securities Research

Copyright © Bank of America Securities Research

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Fear, greed and the myth of stock market highs

Markets are driven by fear and greed, with recent fears centered on the perceived perils of investing when markets have just reached an all-time high. Fundamental Equities Global CIO Tony DeSpirito suggests this concern may be overblown, with historical patterns showing that investing at market highs has had little to no impact on longer-run performance outcomes.
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