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Dow record not necessarily a buy signal

Reuters  |  New York 

The Dow's run to record highs in the stock market's rally this year may not mean it's time for investors to go on a buying spree. Instead, many financial advisers are telling clients to go easy, whether they're just getting back into stocks or seeking to add to equity positions. Questions over how much higher the market can go have kept caution in play, with some technical indicators suggesting the market is overbought. But the case for investing in stocks is strong, they said, particularly given signs of more strength in the economy, especially yesterday's jobs ...

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First Published: Sat, March 09 2013. 21:26 IST