Dec
18
Nasdaq Surges Past 7,000 Thanks to Brokerage Cash, Hedge Fund Leverage and Euphoria
By-
Money in equity accounts is dwindling as investors go all in
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Still, gains over the last nine years are not like the 1990s
For a bull market whose hallmark emotion for nine years has been nagging doubt, this one is starting to breed believers.
Little by little, resistance is falling, as milestones such as 7,000 on the Nasdaq Composite Index are passed and new ones like 2,700 on the S&P 500 and 25,000 on the Dow Jones Industrial Average come into view…
Nasdaq Surges Past 7,000 Thanks to Brokerage Cash, Hedge Fund Leverage and Euphoria
