Stock Market to remain steady in 2007 - WALB.com, Albany News, Weather, Sports

Stock Market to remain steady in 2007

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December 28, 2006

Albany-  The Stock Market's recent record high could be an indication of what's to come in 2007, but if you're not already in the market, you may want to get in slowly. 

Since July, the stock market has steadily climbed and hit a new record high Wednesday.  While those numbers corrected slightly Thursday, financial consultants say they're expecting the market to remain high for the first part of 2007 thanks to low interest rates, low inflation, and better corporate earnings. 

"It's been a while since we've seen a corrections of any magnitude, about 2004 since we've seen any correction, but we expect that the DOW should get up to about 13.5 next year and the SNP to about 1560," said Lance Barnes, A.G. Edwards Financial Consultant. 

Barnes cautions everyone from jumping in the market if you're not already invested.  Getting into the stock market now will cost you more, because the market is at an all-time high.

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