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Reply to "Why is the stock market doing well?"
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[quote=Anonymous]The markets are merely holding true to form, always rising over the long term due to a supportive economic policy environment in this country which generally encourages investment and innovation, allowing companies to grow and reward shareholders. The S&P 500 has averaged an over 10% return since 1957, but any individual year during that period may have seen a bull or a bear market. So, returns are not smooth or predictable over shorter periods of time, but in the long term have historically risen. New market highs are a regular, if unpredictable, feature of long-term investing, and that's what is happening now. That means market timing is risky, but investing steadily and consistently, as with dollar-cost-averaging, produces gains over time no matter what the markets do in the shorter term. [/quote]
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