(03/06/13) - The Dow Industrial is having a record breaking week thus far. And for the year, stocks are up nearly 8 percent - that's also good news for investors.
UM-Flint economics professor Chris Douglas is cautiously optimistic about what he's seeing on Wall Street these days. But it could mean the future is looking better than ever. "The stock market has been on the rise for the past several years now."
On Tuesday, investors saw a big pay off when the Dow Jones Industrial Average set a record high, surpassing the previous mark set in 2007. "Part of that reason is that in terms of economic output of where we were prior to the recession, the housing market has recovered a bit."
Professor Douglas said the stock market surge comes after Federal Reserve Chair Ben Bernanke testified on capital hill last month. "He made a pledge of what's going to happen three years from now. So the stock market looking three years forward says oh great more quantitative easing, it will boost stock prices, let's go ahead and buy stocks now."
But even with the latest rally consumers still should be cautious. "I think what people need to avoid is buying high and selling low because that's the first rule of what not to do investing in market, but emotionally that's the easy thing to do. Even though it is forward looking it's still just a guess."
Wednesday, June 19 2013 12:58 AM EDT2013-06-19 04:58:23 GMT
(6/18/13) - President Obama has declared a major disaster area for 16 counties in Michigan after the severe flooding we had recently. Midland and Saginaw Counties are on the list-- but Genesee is not,
(6/18/13) - President Obama has declared a major disaster area for 16 counties in Michigan after the severe flooding we had recently. Midland and Saginaw Counties are on the list-- but Genesee is not,
Wednesday, June 19 2013 12:57 AM EDT2013-06-19 04:57:16 GMT
(6/18/13) - Saginaw Valley State University announces the looming retirement of President Eric Gilbertson. The board thanked him for his "exemplary service". He started the job in 1989 and will remain
(6/18/13) - Saginaw Valley State University announces the looming retirement of President Eric Gilbertson. The board thanked him for his "exemplary service". He started the job in 1989 and will remain
Tuesday, June 18 2013 11:44 PM EDT2013-06-19 03:44:54 GMT
(6/18/13) - SVSU students are going to have to pay more for their education. The Saginaw Valley State University Board of Control approved a budget for the 20-14 fiscal year Tuesday. It includes a tuition
(6/18/13) - SVSU students are going to have to pay more for their education. The Saginaw Valley State University Board of Control approved a budget for the 20-14 fiscal year Tuesday. It includes a tuition
Tuesday, June 18 2013 11:21 PM EDT2013-06-19 03:21:36 GMT
Fast-moving storms left behind some long-term damage. Yesterday's storm ripped down power lines, and crews are working through the night to turn the lights back on.
Fast-moving storms left behind some long-term damage. Yesterday's storm ripped down power lines, and crews are working through the night to turn the lights back on.
Tuesday, June 18 2013 6:34 PM EDT2013-06-18 22:34:40 GMT
(06/18/13) -- We're more than six months away from Christmas, but the gift of giving knows no time frame, especially in mid-Michigan. When a veteran of three wars returns to his Owosso home, he might not
We're more than six months away from Christmas, but the gift of giving knows no time frame, especially in Mid-Michigan.
Tuesday, June 18 2013 6:32 PM EDT2013-06-18 22:32:44 GMT
(06/18/13) - A fishing trip on the Saginaw Bay has turned deadly, Tuesday. The body of a 14-year-old was recovered early Tuesday morning along Kilarney Beach Road, in Bangor Township. The two men who
A fun day fishing on the Saginaw Bay, turned deadly, Monday.
