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Published: Aug 31, 2020 6 min read

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Kiersten Essenpreis for Money

What goes up must come down, right? Not always, when it comes to the stock market.

Despite high unemployment and uncertainty around when we’ll see a coronavirus vaccine, the stock market continues to defy gravity. Headlines about the S&P 500 and Nasdaq hitting record highs and the Dow jumping have been pretty common over the last few weeks.

“All-time high” sounds dramatic, and record-breaking numbers might make you feel like you need to take action. But here’s the thing about the stock market: it’s always breaking records. A record high is a record high only until the next one, says Mike Cocco, financial advisor with Equitable Advisors.

“If you’re a long-term investor, don’t see this as ‘Alright stocks reached an all-time high and that’s it, that's the highest we can go, that’s the ceiling,’” Cocco says. “No, there is no real ceiling.”