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The Incredible Absence of Fear in the Markets

Does Dow 12000+ Feel Like the Days of Dow 14000+?

If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks.
– John (Jack) Bogle

Isn’t the above quote exactly the current problem? Majority of participants can’t even factor in a 2% loss let alone a 20% fall! – BRING out the Contrarian!

Near the end of August the Dow Jones sat at 10000 and the crash talk was extremely high. Contrary to this we now have Dow Jones hitting 12300+ today and the crash talk is relatively dead.

So by hitting the current Dow levels have we obtained the same feel as 14000?


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