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Are you dancing in the market with Tina?
Sunday, August 14, 2016 | By Stephen Pounds | Bankrate.com
When weighing whether to stay in the market after the long run-up in stocks or bail for an alternative investment, people are following Tina’s lead at the dance.
In investing shorthand, Tina stands for “there is no alternative.”
“Tina … does not exactly engender confidence for fundamental investors, especially following the rapid rise in the markets over the past 7 years,” says Michael Farr, president of the investment firm, Farr, Miller & Washington.
“But the combination of being the best house in a shady neighborhood and the increased confidence that the Fed won’t be raising interest rates much could still result in gains for stock investors,” Farr said, referring to the Federal Reserve.
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