The Dow Jones Industrial Average saw a high of 13,300 on Tuesday, the best mark it's seen since December 2007. So, what does that mean for the stock market?
Well, 401Ks across the nation are probably higher now than they were on Monday, but there's still only speculation about how the market will react in the future and whether or not the economy is headed in the right direction.
These days, it's anyone's guess which way the ball will bounce when it comes to the economy, but there is no doubt that Tuesday was definitely a good day.
"Generally, the stock market does a good job of anticipating what's going to happen in the economy," explained Mike Rogers, of 360 Financial. "That's what we have going on right now."
Even so, Rogers warns against blind optimism. After all, last week's jobs report didn't look so good, and he thinks the stock market is reacting to the possibility of more involvement from the Fed.
"They are anticipating the Federal Reserve is going to do more stimulus to try to increase the economy," Rogers predicted. "That would be good for your viewers at home."
In the end, Rogers said the bottom line is that the appearance of an improving economy is good news because consumer confidence is needed for a full recovery.
Rogers urges people to avoid checking the stock market every day to avoid stressing over the fluctuations between the highs and lows. Instead, he recommends looking for a steady climb spaced out over two or three years.
