The stock market continues to love the policies of President Donald Trump.
If you don’t believe that, just look at what is going on with the NASDAQ, an index of more than 3,000 stocks on Wall Street. It's over 8,000 for the first time ever. That's good for businesses, which will make it good for you. Andy Smith, who hosts Investing Sense on Saturdays on KTRH, says investors are also thinking about another question to make it even better.
“A lot of what we are hearing is whether or not investors should get out. It’s the ‘buy low, sell high,’ principle that people have been hearing for years,” Smith explained.
The NASDAQ gains are being led by tech stocks; Apple, Netflix and Amazon. Is there a danger in riding this wave too long?
“It’s really hard to tell. Everybody wants to pile in to the big winners, but nothing is as good or as bad as you think it is,” Smith explained.
The tech stocks are booming because these companies are all reporting strong profits in the second quarter this year.