The Presidential Daily Brief

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    Dow Hits Record 25,000, But Investors Remain Wary

    It’s a bull market, but there are red flags. The longest-running positive upswing for the American market since the turn of the century hasn’t kept investors excited: Surveys indicate that stock ownership has declined precipitously, with older Americans fearing for their retirement funds and younger ones raised during the financial crisis distrusting the system or too poor to get into the game. Meanwhile, analysts say the protracted bull market is certain to make a correction — and those not betting on a sharp drop could lose their shirts.

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