New York
FOR a bull market whose hallmark emotion for nine years has been nagging doubt, this one is starting to breed believers.
Little by little, resistance is falling, as milestones such as 7,000 on the Nasdaq Composite Index are passed and new ones like 2,700 on the S&P 500 and 25,000 on the Dow Jones Industrial Average come into view.
People sometimes talk about "dry powder" with individual investors. According to Morgan Stanley, there isn't much left, going by unspent money in individual brokerage...
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