U.S. Federal Reserve officials confirmed further stimulus efforts due to current economic weakness, causing investors to enter the markets and pushing the Dow Jones Industrial Average to a new record closing high of 15,746.88. “The central bank has decided they will reward risk behavior and that’s what we’re going to get,” Bill Mann, chief investment officer at Motley Fool Asset Management in Alexandria, Virginia, said. “The market will keep hitting their highs until the stimulus reverses itself.”
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
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Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: