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Fisher Investments News
By , Forbes, 07/18/2011

As bull markets pick up steam many investors fall prey to what I call the "morphing fear phenomenon." It's a subset of the legendary "wall of worry" that bull markets love to climb. In any bear market something frightens us-- whether justified or not--and recessions always do. Early in the subsequent bull market and expansion we keep expecting these worries to appear. If they don't, we morph fresh scary fantasies that seem like new problems but are simply manifestations of old fears.

The following constitutes the general views of the author and should not be regarded as personalized investment advice or a reflection of the performance of Fisher Investments or its clients. Fisher Investments clients' accounts are managed using a variety of investment techniques and strategies not necessarily discussed in the articles or any materials referenced in the articles. Nothing herein is intended to be a recommendation or a forecast of market conditions. Rather it is intended to illustrate a point. Current and future markets may differ significantly from those illustrated. Not all past forecasts were, nor future forecasts may be, as accurate as those predicted herein. Investing in the stock markets involves a risk of loss. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. Past performance is never a guarantee of future returns. The links to these articles are being provided as a convenience only. Use of the articles is subject to the copyright and other restrictions imposed by the providers of the articles.

Investing in stock markets involves the risk of loss.