A New Survey of Investors with $1-Million-Plus Portfolios is Revealing
Another investor group is also showing "no fear" of a market downturn
by Bob Stokes
Updated: November 03, 2017
A new survey reveals what millionaire investors are doing with their capital -- find out the details. Also learn about the unprecedented market action of mutual fund managers.
DJIA Hits ANOTHER Record -- Yet Million-Dollar Portfolio Investors Say "HIGHER STILL!"
If you follow the stock market, you know the Dow Industrials recently moved north of 23,500 -- yet, according to a new survey -- affluent investors are more bullish now than they were when stocks were trading lower.
Other sentiment indicators also point to financial optimism at HISTORIC EXTREMES.Here's what you need to know: This strong overconfidence in the stock market's future is on display at the very time the DJIA's pattern is approaching a critical juncture.
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P.S. A quick word about stock market volatility: The CBOE Volatility Index has just reached an ALL-TIME record low. But, please note what the just-published Elliott Wave Theorist says: "… because financial markets are a fractal, present conditions never maintain."
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