RICHMOND, Va. — This year has seen plenty of upheaval: fighting in Ukraine, Gaza and the Middle East. Many of the European economies continue to struggle to achieve even modest growth. China remains a wild card, whose massive economy can cause global shock waves.
So how have U.S. stock markets continued to perform, even after a robust 2013?
Sandy Wiggins from The Actuarial Consulting Group, who talks with CBS 6 about the financial markets frequently, points out that the three major indexes, the S&P 500, the Nasdaq, and the Dow, are up 12.52 percent, 15.22 percent, and 8.21 percent respectively, since last Thanksgiving. That’s not bad!
So is the market inflated? Are we seeing a bubble or can this pace of growth continue? Check out what Sandy says, and remember to keep contributing to your retirement fund, regardless of how conservative/aggressive your mix is!