Following word that European leaders have worked out a plan to deal with Greece’s debt load, the stock market shot up almost 340 points yesterday…but what happens next?

Chris Cordaro, the Chief Investment Officer at Regent Atlantic Capital says “if everything continues to go well in Europe, I think you could see this rally continue to last till the end of the year…stocks are selling at a relatively cheap price right now, if you look at the valuations on stocks, we’d have to go back to the mid 80′s before we find valuations that attractive.”

He says even if there’s good news coming out of Europe, there could be more bumps in the road come December, when the so-called deficit “Super Committee” is supposed to produce a plan to deal with America’s debit crisis – because if that doesn’t come to pass, and “we get some headlines out about that – which are probably bound to happen- we’ll see another severe down day in the market or perhaps a down week in the market.”

“There’s always the potential for volatility in the stock market” says Cordaro, “and that’s one area of potential volatility…you know we’re never going to see just a straight upward movement in the stock market – it’s always going to be bumpy.”

His advice to individual investors is pretty simple and straightforward -”don’t look day to day – when you’re in the market this is a long term investment…if there’s a down-turn, try and put it out of your mind, put some good stocks away, diversify well and in the end you’ll do well.”

More From New Jersey 101.5 FM