(Atlantic) The U.S. stock market joined a global rally Tuesday, and the Dow Jones industrial average continued to flirt with the 15,000 mark this morning. Mark Smith, with Daryl D. Smith, an Investment Company in Atlantic, says investors are starting to get a little nervous.
“We are at record highs so people are thinking about taking profits and that’s all a good idea but you have to look at what your objectives are,” stated Smith, “So if your objectives are long term, I tell them it is really difficult to time the market.”
“Many times investor’s will do something like that with good intentions and when they do get back in they are getting in at higher level anyway,” said Smith. “It is not about trying to time the market, its’ about the amount of time your money is in the market.”
The Dow punched through 15,000 Friday after the U.S. government reported a sharp pickup in hiring last month. The index is 14.6 percent higher this year.
May 7, 2013