FOMO's Rollercoaster Versus FEMO's Steady Climb

I. FOMO vs FEMO

Forecasting the stock market is easy! Just multiply the P/E (price-to-earnings ratio) by E (earnings per share) to get P (the stock price index). The hard part, of course, is getting the P/E and E right. We call the P/E component FOMO (fear of missing out) and the E component FEMO (fabulous earnings momentum). This year, investors have been on a rollercoaster ride as FOMO has fluctuated mostly to the downside, while FEMO has continued climbing.