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Published 06 March 2013 03:07, Updated 06 March 2013 07:17
“For the average investor, this could mean things have turned around, even though we had a lot negative news like the ‘fiscal cliff.’ If you believe the stock market is a leading indicator of the economy by six to nine months, there could be stronger US economy coming later this year,” Schaeffer’s Investment Research senior technical strategist Ryan Detrick says. Photo: Greg Newington
The Dow Jones Industrial Average pushed through its record high last hit in 2007, as investors continued a rally that has boosted the index by more than 8 per cent so far in 2013.