Stock market success creates fear in some experts
RADFORD (WSLS 10) - The U.S. stock market has gone from one extreme to the other over the last few weeks, and that has some experts worried.
Just after the United Kingdom voted to leave the European Union, stocks dropped off stateside, as was expected.
But days later, the market skyrocketed to all time highs in some cases.
While many are cashing in, some say it is time for investors to brace themselves.
"I think every time when you hit a new high, people are concerned the only direction to go is down. It can be sustained," said Radford University finance professor Steven Beach. "I do think we have some underlying issues in the economy that lead people to have some fear."
Beach said he predicts it will take a couple years before the United Kingdom suffers any significant setbacks from its EU exit.
Copyright by WSLS - All rights reserved