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Diversify – risks increase after US stock market hit record highs
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Experts caution that when prices get too far ahead of earnings, there will eventually be a reckoning.
PHOTO: AFP
Jeff Sommer
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It’s been a splendid run for the market – so emphatically great that in just the first three months of the year, the S&P 500 index climbed to record highs on 22 separate days.
Most people who have looked at their stock portfolios this year have had the pleasant experience of seeing increases in their holdings, and countless news reports and analyses from financial gurus have talked optimistically about the market’s powerful upwards momentum.
