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Americans are Wary that Stock Market Bubble Will Burst
the staff of the Ridgewood blog
Ridgewood NJ, according to Rasmussen Reports, Americans are wary that stock market bubble will burst . The stock market has recently hit record highs, but Americans are increasingly worried that the boom won’t last much longer.
A new Rasmussen Reports national telephone and online survey finds that 61% of American Adults are at least somewhat concerned that the stock market bubble will burst and push the economy back into recession with 23% who are Very Concerned. Twenty-five percent (25%) don’t share that fear, but that includes only seven percent (7%) who are Not at All Concerned. (To see survey question wording, click here).
Generally theses types of public fear surveys are bullish for equity markets . Lack of “Fear” is often the sign of a market top . Heavy public “Fear” like massive mutual fund redemptions is often a very bullish indicator .
Climbing the wall of worry is a reference to investor behavior during bull markets, at the end of major bear periods, or general periods of market gains. The Wall of worry is the financial markets’ periodic tendency to surmount a host of negative factors and keep ascending. Wall of worry is generally used in connection with the stock markets, referring to their resilience when running into a temporary stumbling block, rather than a permanent impediment to a market advance