Old Bull Market Starts To Show Its Age
At the start of 2013, investors were worried about the uncertain U.S. and Chinese economies, about the prospect of a withdrawal of Federal Reserve stimulus and about signs stocks were getting overpriced. The Dow Jones Industrial Average responded with an 11% gain at this time last year, on its way to a 26% full-year binge. Now, investors are worried about pretty much the same things. Although it doesn't look like it on the surface, investors and analysts think some basic things are changing.