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Market at New High! Should I Care?
As equity markets continue to climb, investment news outlets are seemingly awash with headlines of markets reaching new highs. Whether implicit or explicit in the article, these headlines are serving as warning signals to investors. Like throwing a ball into the air, when it hits its “all-time high” it is bound to come down, right? We’re skeptics of flashy headlines is fodder for good decision making so we decided to explore this concept. Does the market hitting a new all-time high signal a warning for investors that the market will drop?