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I. Three Shades Of Fear
Monday's issue of The Wall Street Journal featured a story titled, "Hedge Fund Elliott Warns of FOGO: Fear of Getting Obliterated in the Market." That has inspired us today to coin "FOJO," or fear of jumping out of the market. FOMO, of course, is the fear of missing out on a bull market. Only a few months ago, we felt the need to coin "FEMO," or fabulous earnings momentum to describe this year's earnings-led bull market.
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