Everyone knows the stock market is very volatile and what the future holds for it. There is some concern that the market will not do well over the next year. Even though the market is looking good so far in 2017 it may not stay that way. The economy will really drive the market, or lack thereof this year.
Key Takeaways:
- Riding the so-called Trump trade to new all-time highs, the Dow Jones Industrial Average is just barely short of the 20,000 milestone.
- According to trading legend Art Cashin, the director of floor operations at UBS, the fade over the past few weeks portends a rocky near-term future for the market.
- Stocks have been backing off from their highs, however, and the Dow is now roughly 200 points away from the elusive 20,000 mark.
“Riding the so-called Trump trade to new all-time highs, the Dow Jones Industrial Average is just barely short of the 20,000 milestone. Stocks have been backing off from their highs, however, and the Dow is now roughly 200 points away from the elusive 20,000 mark.”
http://finance.yahoo.com/news/cashin-stock-market-may-enter-153600391.html
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