The S&P 500 recently closed over 3,000.  And many people are wondering if this is the top of the stock market?  At least one firm believes stocks are headed higher—much higher.  

Podcast—What's Happening Now: Is This The Top of the Stock Market? (3:40)

We have been following First Trust Portfolio’s commentary for some time.  You can read their post about their increased forecast and the methodology they use, here

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Is This The Top of the Stock Market?

As most of you know, we are not in the prediction business.  Most who are have limited success.  But, it rarely stops anyone from trying.  

The stock market will either go up or down from here.  The only way we will know who guessed correctly is to wait and see.  We rarely believe any of them to be reliable indicators of future performance.

We are certainly hopeful the S&P 500 passes the 3,250 mark.  But, if it doesn’t, we won’t be surprised.

Is this the top of the stock market

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Financial Planning

Neal Watson is a Certified Financial Planner™ Professional and a Financial Advisor with Fleming Watson Financial Advisors  He typically works with people who are planning for retirement.  Fleming Watson is a Registered Investment Advisory firm located in Marietta Ohio.  Our firm primarily serves Marietta, Parkersburg, Williamstown, St. Marys, Belpre, Vienna and the surrounding communities in Washington and Noble Counties in Ohio and Wood and Pleasants county in West Virginia.

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