(Atlantic) It was a record day on Wall Street Tuesday. The Dow Jones Industrial average closed above 15,000 points for the first time ever as the stock market’s long upward climb continued. Mark Smith, Financial Advisor for Daryl D. Smith Company, an Atlantic investment firm says all signs point to a strong stock market.
“Now does that mean because we are at record levels we won’t see some profit taking and pull back in the market? Yes it is very possible that will happen,” stated Smith. “But… with the way the economy is improving, unemployment is dropping and corporate profits are rising, we see the economy slowly getting stronger.
Smith says despite the possibility of a little pull back in the markets this summer, he expects to see the markets a year from now… higher than today.
May 8, 2013