The Dow's run to record highs in the stock market's rally this year may not mean it's time for investors to go on a buying spree.
Instead, many financial advisers are telling clients to go easy, whether they are just getting back into stocks or seeking to add to equity positions.
Questions over how much higher the market can go have kept caution in play, with some technical indicators suggesting the market is overbought. But the case for investing in stocks is strong, they said, particularly given signs of more strength in the economy, especially Friday's jobs report, which showed a higher-than-expected 236,000 workers added to the payrolls in February. Last Tuesday, the Dow broke through levels not seen since 2007.