Higher and higher? With the Dow and S&P 500 on record runs, money managers told CNBC on Wednesday where they think stocks will go from here.
To put this remarkable rally in perspective, the Dow traded below 13,000 in November. It gained 1,000 points by mid-January, another 1,000 by late March, and about 500 points since then.
So far this year, the blue-chip index has gained nearly 15 percent—more than twice its 7.3 percent gain for all of 2012. The S&P 500 has increased 14 percent this year—already above its gains for all of 2012.
Wednesday morning, market experts appeared on "Squawk Box" to offer their opinions on what's next for stocks: