Yesterday, the DOW Industrial Average broke over the 14,000+ territory it had reached before the big crash in '07.
The DOW is a group of stocks (30 to be exact) handpicked by a group of money people on Wall Street.
During the now nearly 6 years of the Great Recession, stocks that were doing poorly were pulled from the DOW list and replaced with others which were doing well.
We asked one investment person if the DOW is truly reflective of the entire economy, and they said
"No, but don't quote me."
What we take this to mean is that unless the stocks you own were the 30 DOW handpicked stocks, you still may not be doing that well in your retirement packages.
Be careful what you invest in, do your homework before jumping back in the stock market, is what most sensible investment people are saying.
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