Is market overvalued, should you cut back on stock buys?

Posted at 3:36 PM, Dec 06, 2013
and last updated 2013-12-06 15:36:16-05

Last week most major stock market indexes hit all-time highs.

Earlier this week, before Friday’s strong jobs report, despite a number of very positive economic reports the market is giving back a little of those recent gains.

Is it time to re-think your retirement investments?

In the CBS-6 studio Thursday to make sense of it all was Sandy Wiggins from the Actuarial Consulting Group.

Among the questions Sandy discussed: before Friday’s big rally, all- time highs for the Dow and S&P 500 were achieved. Is the market overvalued and should we cut back on stock purchases?

Some great numbers out this week suggesting the economy is getting stronger. Last month's job numbers were revised sharply up, GDP growth last quarter revised up to 3.6 percent and people are expecting a good jobs number Friday but the market's been slipping somewhat.

And if money starts getting more expensive and interest rates rise, should we buy more bonds?

Watch the interview and see whether your retirement savings need adjusting.