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Fighting fear on all fronts

When it comes to the Dow, fear of heights is on full display. For the past five months, commentators were warning of a significant crash which was "inevitable". By Daryl Guppy

The Dow and other major stock indexes such as the S&P 500 have one feature that ensures that they will continually rise and break new records - each index is made up only of winners.

FEAR runs through these notes. Fear of heights and fear of being wrong and fear of admitting the error. These fears are foolish.

Fear of heights is on full display when people think about the Dow Jones Industrial Index. In January commentators were telling us to prepare for a significant...

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