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.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.