Sonders: Market's Rise Justified

Charles Schwab Chief Investment Strategist Liz Ann Sonders’s thinks the big recent gains for the stock market have been justified. “I don’t think we’ve come too far too fast, nor do I think that there [isn’t] economic fundamental justification for what the market has done,” Sonders tells The Motley Fool. “If you look at the last two times we’ve been at these levels, back in October of 2007 and then back in 2000, about March of 2000, and you compare most typical market metrics … in virtually every case, we look better, certainly better than we did in 2000 because we had, in hindsight, a hugely overvalued market, but quite a bit better than we did in 2007.” She says the market “looks pretty good here”.

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