Big Short? No. Big FOMO? Yes.
"FOMO" is now a fixture of daily market banter.
That's unfortunate, not because it suggests sundry sheep are marching towards the proverbial slaughter, but because I don't like verbalizing the acronym. It sounds silly as it rolls off the tongue, much like "YOLO," which I suppose is apt -- the two are related, after all.
"YOLO" is how you excuse bad decisions when you're overcome with "FOMO." I'm scared of missing the rally, so I'll buy into it even though I know I shouldn't -- you only live on