Support our non-partisan non-profit newsroom 💜 Donate now

Hold your applause, Dow record highs won’t last

Allan Sloan Mar 13, 2013
HTML EMBED:
COPY

Hold your applause, Dow record highs won’t last

Allan Sloan Mar 13, 2013
HTML EMBED:
COPY

The Dow broke another record yesterday and is now on its longest record-breaking streak — six days — since 1998. And while that all sounds great, one man is not happy.

Allan Sloan, senior editor-at-large at Fortune magazine, is focusing instead on the four-year anniversary of the market bottom.

“The mood was suicidal, the market was crashing, people were scared,” Sloan says. “[But] I learned that nothing is forever.”

According to Sloan, today’s booming market could use a healthy dose of that suspicion.

“I am a student of history, I’ve seen people stampede up, I’ve seen people stampede down,” Sloan says. “What I try to do is to be half a cycle out of phase.”

To hear more investing tips from Allan Sloan, click on the audio player above.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.