Investors certainly have something to be thankful for this Thanksgiving.
But where can stocks go from here?
"All things being equal, an accommodative Fed means stocks are going higher," says Michael Holland, chairman of Holland & Company, a private investment firm. "Ben Bernanke and Janet Yellen are telling us they are probably still likely to go up and that's the right bet right now."
That said, there is more to this story, he says, noting a lack of headwinds during this period of Fed accommodation is also helping to boost stocks. Europe, Japan and now Iran are less of a threat today than they were 6-12 months ago, he notes.
To his point, the prospect of a deal with Iran boosted the Nasdaq (^IXIC) to 4,000 Thursday for the first time in 13 years.
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