Free Trading Resources<\/strong><\/p>\n Have you checked out Jeff’s free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career \u2013 at zero cost to you. Just click here<\/a> to check it out.<\/p>\n<\/p><\/div>\n<\/div>\n <\/p>\n In hindsight, it’s easy to see that 2021 was a peak-FOMO moment for crypto. It was also a peak-FOMO moment for non-fungible-tokens (NFTs), ICOs, Bored-Apes, and digital images of rocks.<\/p>\n We won’t know for sure for several months, but it sure feels as though we’re reaching a peak-FOMO moment for the stock market.<\/p>\n The S&P 500 currently trades for about 20x 2024 earnings estimates. That means the earnings yield for the S&P 500 is about 5%.<\/p>\n The current yield on a three-month Treasury bill is 5.5% (and likely to go higher following the FOMC meeting next Wednesday).<\/p>\n In other words, investors can buy the S&P 500 – and assume the risk that goes along with it – and expect to earn about 5% over time. Or, they can buy a “risk-free” U.S. T-bill and earn 5.5%.<\/p>\n Yet, investors are rushing to buy stocks.<\/p>\n Why? Because the fear of missing out is greater than the fear of loss.<\/p>\n This is a dangerous time to be putting fresh money into the stock market.<\/p>\n Best regards and good trading,<\/p>\n Jeff Clark<\/p>\n <\/p>\n![\"Signature\"](\"https:\/\/files.jeffclarktrader.com\/global\/signatures\/jeff-clark-signature.png\")
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