Stock market's 40th record high raises concerns

1 year 2 months 1 week ago Thursday, October 05 2017 Oct 5, 2017 Thursday, October 05, 2017 4:23:00 AM CDT October 05, 2017 in News
By: Claire Kopsky, KOMU 8 Reporter
loading

COLUMBIA - Financial markets hit their 40th all time high Wednesday causing investors to question the safety of their investments.

A report released by JP Morgan on Monday showed a 272 percent increase since March of 2009. That’s a larger increase than all other increases combined in the last 20 years.

A financial advisor at Stifel Nicolaus in Saint Louis with more than 30 years of experience said the increase has been steady.

He said, “The market has made a bunch of new highs because it’s been grinding higher, it’s not skyrocketing.”

To explain the growth, he referred to an old saying, “We typically take the stairs up but we take the elevator down.” 

But he said the bottom line is, you will never know when it’s coming, you will never see it until it happens.

The JP Morgan report shows unemployment rates are low at 4.4% and inflation is low at 1.9% compared to its 50 year averages of 4.1%. But the US is experiencing challenges socially and economically, global risks with threats from North Korea and uncertainties with Russia and China that could affect the US economy.

Looking at past economic expansions in the 90s and early 2000s, University of Missouri Economic Professor George Chikhladze refers to the outside threats.

“Either something is happening very dramatic in US politics or something is happening very dramatic oversees." He said, "Let’s say the conflict with North Korea, or if something happened in Europe, or conflict with Russia... Those kinds of strong external shocks could actually throw the economy.” 

Chikhladze said, “If you’re trying to invest for the long-term, you just keep the money in there and let it grow and it will grow over the long-term. There might be some short-run fluctuations, you might lose some money in the short-run, but in the long-run, it will grow.”

Because all investors' goals, net worth, risk and other miscellaneous factors are different, Stiefel’s advisor said there is no "one-size-fits-all" advice.

“The best thing people can do right now is consult with your financial advisor and make sure that your portfolio, your investments match your long-term goals and your investment risk tolerance,” he said.

More News

Grid
List
(CNN) -- House and Senate negotiators have struck a deal over long-stalled legislation to revamp the way sexual harassment complaints... More >>
6 hours ago Wednesday, December 12 2018 Dec 12, 2018 Wednesday, December 12, 2018 9:43:00 PM CST December 12, 2018 in News
COLUMBIA - The Better Business Bureau is warning people about some new trends in scams and offering advice on spotting... More >>
8 hours ago Wednesday, December 12 2018 Dec 12, 2018 Wednesday, December 12, 2018 8:15:00 PM CST December 12, 2018 in News
COLUMBIA - It is lights out on a popular holiday display at Columbia College. The plug has been pulled on... More >>
8 hours ago Wednesday, December 12 2018 Dec 12, 2018 Wednesday, December 12, 2018 7:29:00 PM CST December 12, 2018 in News
JEFFERSON CITY, Mo. (AP) — The Missouri Republican Party is calling on an attorney for the secretary of state to... More >>
10 hours ago Wednesday, December 12 2018 Dec 12, 2018 Wednesday, December 12, 2018 5:49:30 PM CST December 12, 2018 in News
COLUMBIA - The Boone County Prosecutor's Office charged Mizzou defensive end Tre Williams with domestic assault, court records confirm. ... More >>
12 hours ago Wednesday, December 12 2018 Dec 12, 2018 Wednesday, December 12, 2018 4:10:00 PM CST December 12, 2018 in Sports
COLUMBIA - The FDA and the American Veterinary Medical Foundation (AVMA) recently released a dog food recall. MU Veterinary... More >>
13 hours ago Wednesday, December 12 2018 Dec 12, 2018 Wednesday, December 12, 2018 2:53:00 PM CST December 12, 2018 in News
MEXICO - A Mexico man says frustration over bullying at Mexico Middle School led him to make threats towards principal... More >>
13 hours ago Wednesday, December 12 2018 Dec 12, 2018 Wednesday, December 12, 2018 2:24:00 PM CST December 12, 2018 in News
NEW YORK (AP) — Michael Cohen, who as President Donald Trump's personal lawyer and fixer once vowed he would "take... More >>
16 hours ago Wednesday, December 12 2018 Dec 12, 2018 Wednesday, December 12, 2018 11:42:00 AM CST December 12, 2018 in Top Stories
JEFFERSON CITY - A Lincoln University student died Tuesday night in an off campus incident. Students arrived on a... More >>
16 hours ago Wednesday, December 12 2018 Dec 12, 2018 Wednesday, December 12, 2018 11:22:00 AM CST December 12, 2018 in Top Stories
PAGEDALE (AP) — Authorities say two children were wounded in suburban St. Louis after a toddler found a pistol in... More >>
17 hours ago Wednesday, December 12 2018 Dec 12, 2018 Wednesday, December 12, 2018 11:07:23 AM CST December 12, 2018 in News
JEFFERSON CITY - Police are investigating after a person died from a gunshot wound Tuesday night. Wednesday the Jefferson... More >>
19 hours ago Wednesday, December 12 2018 Dec 12, 2018 Wednesday, December 12, 2018 9:17:00 AM CST December 12, 2018 in News
COLUMBIA - Mayor Brian Treece and other special guests will meet Monday to announce the future of Columbia’s holiday parade... More >>
1 day ago Wednesday, December 12 2018 Dec 12, 2018 Wednesday, December 12, 2018 3:29:00 AM CST December 12, 2018 in Top Stories
COLUMBIA- Volunteer hours for the City of Columbia are down from last year. In Columbia, volunteers served 39,204 hours... More >>
1 day ago Wednesday, December 12 2018 Dec 12, 2018 Wednesday, December 12, 2018 3:10:00 AM CST December 12, 2018 in News
COLUMBIA - A second-degree domestic assault charge against Missouri Football defensive end Tre Williams will not be filed, according... More >>
1 day ago Tuesday, December 11 2018 Dec 11, 2018 Tuesday, December 11, 2018 8:24:00 PM CST December 11, 2018 in News
JEFFERSON CITY - An investigation into a First Student bus concern has lead to an increased police presence in one... More >>
1 day ago Tuesday, December 11 2018 Dec 11, 2018 Tuesday, December 11, 2018 7:29:00 PM CST December 11, 2018 in News
JEFFERSON CITY - After almost three years, Jefferson City now has new and improved fire trucks. Jefferson City Fire... More >>
1 day ago Tuesday, December 11 2018 Dec 11, 2018 Tuesday, December 11, 2018 7:03:00 PM CST December 11, 2018 in News
COLUMBIA - Neighbors on Lasso Circle in Columbia's Old Hawthorne neighborhood feel safe, but are more vigilant exactly a year... More >>
1 day ago Tuesday, December 11 2018 Dec 11, 2018 Tuesday, December 11, 2018 6:07:00 PM CST December 11, 2018 in News
FULTON - Fulton Soup Kitchen is working to open its new location in Fulton, but a $1,700 utilities down payment... More >>
1 day ago Tuesday, December 11 2018 Dec 11, 2018 Tuesday, December 11, 2018 5:18:00 PM CST December 11, 2018 in News
Columbia, MO
Broken Clouds 44°
5am 41°
6am 41°
7am 42°
8am 43°