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Is the 2021 Stock Market Rally for Real?

South Carolina Business Review
SC Public Radio

You may remember that the stock market crashed last year when the pandemic was first announced, but then it recovered quickly and ended up having an above average year. The market has been off to the races again here in 2021. Many are wondering if the market might be getting ahead of itself.

Mike Switzer interviews Wes Johnson, a certified financial planner with ACT Advisors in Charleston, SC.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.