Business Buzz: Buying Stocks Now Not as Risky
2 months ago
Will you take a chance?
The Dow Jones industrial average has risen 120 percent in four years to a record high, so buying stocks now are a good bet -- but they're no bargain. Firstly, there are no signs of a recession. The unemployment rate has dropped, and more jobs mean more money for people to spend, and consumer spending drives 70 percent of economic activity. Also, homebuilders broke ground last year at the fastest pace in four years. Sales of autos, the second-biggest consumer purchase, are at a five-year high. Finally, interest rates are near record lows and are unlikely to appear soon. (NBC News)