bottom of 6,547 to its new record of 14,539, set on march 14th, the question is, stay in or cash out? it s an important question and one i ll get to later in the show. first, i want to focus on the 47% of you who admit you do not invest in stocks. not even through an ira or a 401 kansas city k or some sort of pension plan. we re going to figure out why you don t and bust some myths so you can take advantage of the market even in the midst of a bull rally. let s start with the reasons you aren t invested. you have no money, no trust in the system and no guts to withstand the ups and downs and uncertainty of the market. you re just plain scared to get in. joining me now for more on this, lewis barahas, who heads up his own management firm in california, and ryan mack, a financial planner and a vocal advocate for financial literacy in america. ryan, let s start with you. no money, that s what a lot of people say.
record of 14,59 set on march 14th, stay in or cash out? it s an important question and one i ll get to later in the show. i want to focus on the 47% of you who admit you do not invest in stocks. not even through an ira or 401(k). we re going to figure out why you don t and bust some myths so you can take advantage of the market even in the midst of a bull rally. let s start with the reasons you rrpt invest ed. you have no money, no trust in the system and no guts to withstand the ups and downs and uncertainty of the market. you re scared to get in. joining me is lewis bah ra ha, an expert and ryan matt, the president of optimum management. ryan, let s start with you. no money, that s what a lot of people say. they do not have the money to
senator mccain could play a key role in getting universal gun control legislation passed. negotiations are under way this morning between the united nations and insurgent fighters in syria. they want the release of 21 peacekeepers captured while patrolling the golan heights. it accused the u.n. of collaborating with the syrian government. unless this syrian military leaves a nearby village. u.n. officials believe that peacekeepers remain unharmed. now to business. where the bull rally continues. as the dow closed at a record high for the second straight day. the s&p 500 closed within 2% of its 2007 peak. for more on wall street, let s
everything it can in its power to keep the republic going and now you also have to look at emerging economies around the world like charles say, india, china, huge developing middle classes and that s why 50% of all the s & p profits have some form of release. and your explanation? i m sorry, i don t agree. i m not on the bull rally we have rolling here. and we have a big bill coming due and the federal government pumped a ton of money into the economy and lots of liquidity and at the end of the day we ll have inflation and that s not good for stocks. look back to 1974, inflation was up 12% and we can t imagine that now, 12%. what 12% inflation, are you? no, but i m giving you an example, trying to illustrate the report, inflation kills stocks and stocks were down 27% that year and other things were going on, but the reality is inflation could be a big hurt on the stock market and for the economy. come into it, adam and explain to me why we ve got a rip roaring market and
if we haven t seen the jobs coming back here, what is going so right? well, jobless claims yesterday were at a three-year low. that means the number of people filinging for first-time unemployment benefits yesterday was the lowest in three years. that s good. people have been digging in their pockets. starting to spend money again especially on things like cars. dow was up 190 points yesterday. a two-year bull rally. manufacturing, ali and kiran as you know at a seven-year high. home prices still sliding. many people say, wow, if we re not in the did i belieouble-dip almost there. inflation remains benign, but tell that to anybody going to the grocery store. but a rally on the stock market. oil prices came down a little bit and they saw that jobless claims number and said, wait, are we finally going to get the month with the number of 150,000 plus of jobs created?