The market, as measured by the S&P 500 Index, sits close to its all-time highs (the ceiling) established in 2000 and again in 2007. We have experienced two market rallies during the past 15 year time-period only to find an invisible, abeit solid, ceiling that has limited further market advances. The question is, can the market finally break through the ceiling and find new market highs given the level of lingering uncertainty? This could prove difficult until all the components of the fiscal cliff are resolved - including the spending/debt ceiling questions that loom over the market.
In this 4 minute video, Burt White, Chief Investment Officer of LPL Financial, talks about the current trading range and possible strategies needed to navigate this market.
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