The S&P's New High: Too Late to Buy?

Motley Fool Money

The Motley Fool

Business, Investing

4.4 • 3K Ratings

🗓️ 13 February 2015

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

The S&P 500 hits a new high. Trip Advisor soars. Whole Foods delivers. And Amerian Express declines. Our analysts discuss those stories and share some stocks on their radar. Plus, corporate governance expert and film critic Nell Minow talks proxy voting, executive pay, and Academy Awards.

Transcript

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0:00.0	Everybody needs money. That's why they call it money.
0:07.0	From full global headquarters, this is Motley Fool Money.
0:19.0	It's the Motley Fool Money radio show. I'm Chris Hilt joining me in studio this week for Motley Fool Pro and options Jeff Fisher and for million dollar portfolio Jason Moser and Matt Argersinger.
0:28.0	Good to see you, Jens.
0:30.0	Hey, hey.
0:31.0	Earnings Paloza rolls on this week. We will dig into the business of entertainment and get some Oscar predictions from our guest Nell Minow.
0:37.0	And as always, we'll give you an inside look at the stocks on our radar.
0:40.0	But we begin with the market in general. On Friday, the S&P 500 hit yet another new all-time high.
0:47.0	And Jeff, I'll just start with you. It seems like every time this happens, whether it's the financial media or just investors in general, new all-time highs just spark a lot of questions.
0:56.0	What do I do now? Do I sell out? Do I take some money off the table? And there are always people saying, well, I'm not going to get in now. The market's at a new all-time high.
1:04.0	What do you say to investors?
1:05.0	It makes for good headlines. And I bet a lot of brokers are getting calls today with that very question. Should I sell now? Well, that's ridiculous.
1:11.0	If you look at the long-term chart of the S&P 500, it has been making new all-time highs consistently, as far back as your chart will go.
1:20.0	So I'm looking at a chart right now that goes back to the early 70s. New all-time highs all along the way. Of course, you have bear markets that last for a few years.
1:27.0	But overall, new all-time highs all the time. If the population is growing, Chris, worldwide, and is it?
1:34.0	I believe it is.
1:35.0	It is. If companies are becoming more profitable and better run, are they?
1:40.0	Oh, yeah. No. They're doing fine.
1:41.0	You have those two things, and you have the worldwide economy growing as well. Those three things will lead to all-time highs in a well-run market like this one.
1:49.0	What do you say to investors? No, I totally grew a chat. That's what we want. That's what we come to expect.
1:56.0	And the market has a big positive bias. If you look at, even like a period like 1987 when the stock market crashed, took a lot of people out of the market.
2:04.0	A lot of people said, I'm never getting into this game again. Barely six months later, I think, the market hit a new all-time high.
	...

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