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Top fundie Hamish Douglass warns of ASX share market FOMO – The Motley Fool Australia

Top ASX fund manager Hamish Douglass of Magellan (ASX: MFG) has warned investors not to get too carried away with market FOMO.

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It’s fairly safe to say that investors all over the world have been enjoying some pretty healthy gains from the sharemarket over the past 10 or so months. Since bottoming out in late March, both the S&P/ASX 200 Index(ASX: XJO) and the American S&P 500 Index (INDEXSP: .INX) have rallied convincingly. The US markets are even currently above the level they were sitting at before the coronavirus pandemic become obvious.
With such a surprisingly good year for investors, many are now turning to 2021 and…

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