Stocks Are Not Overbought Yet, Could Go Even Higher

Now watching

Next video starts in : 7 Play

Stocks Are Not Overbought Yet, Could Go Even Higher

Stocks Are Not Overbought Yet, Could Go Even Higher
Replay video
Up next

July Fourth in New York City Means Two Things: Fireworks and Hot Dog Eating Contests

Unlock your personal NFL Now stream by signing in to NFL.com

Stocks Are Not Overbought Yet, Could Go Even Higher

by TheStreet 2:47 mins

Stocks Are Not Overbought Yet, Could Go Even Higher

by TheStreet 2:47 mins

Stocks may be staying at near record levels, but Keith Bliss of Cuttone & Co.says they aren't overbought just yet. He said most traders feel that until the S&P 500 reaches 1990 it won't be overbought. Short traders expecting a correction continue to lose money. He believes stocks will continue to move higher as long as all the central banks stay coordinated. He thinks that unless there is a 'black swan' type of event, which can't be predicted, the markets will push through minor resistance, like what is happening today. There are minor pullbacks but no corrections in stocks.

TheStreet

Personal Finance

  1. 1:04

    Money Minute: Can I really negotiate my doctor's bills?

  2. 1:59

    Unexpected -- and brilliant -- ways these people made tons of money

  3. 1:07

    How to start investing in your 401(k)

  4. 2:23

    You can't go wrong if you major in a STEM field and other myths about college

  5. 2:17

    How much would you spend on your wedding?

  6. 1:10

    Money Minute: When is the right time to lock in your mortgage rate?