Exploring new frontiers tends to make people nervous. But, don't be played again by a financial news media with their own hidden agenda trying to instill fear in your hearts. This type of fear-mongering happens every time the stock market reaches a new high or low level. It's been happening for the past three years, and media pundits have been wrong the entire time.
The stock market rally isn't going to fall head over feet. If anything, this crazy stock market is telling me that she's not leaving anytime soon. But, don't just take my word for it. See what she says -
Juts posting this comment and link for my own tracking reference.
ReplyDeleteU.S. stocks rose, capping the fourth straight weekly rally for the Standard & Poor’s 500 Index, after a government report showing stronger-than-forecast payroll growth bolstered optimism in the world’s largest economy.
The S&P 500 added 0.4 percent to 1,370.87 at 4 p.m. New York time. The index rose 2.1 percent in four weeks. The Dow Jones Industrial Average gained 14.08 points, or 0.1 percent, to 12,922.02. The Russell 2000 Index of small companies jumped 1.3 percent to 817. About 6.2 billion shares changed hands on U.S. exchanges, or 6.4 percent below the three-month average.
Source: Bloomberg: S&P 500 Caps Fourth Weekly Advance as Employment Growth Exceeds Forecasts
Hopes that the recovery is gaining strength were bolstered by encouraging retail sales data. Although warmer-than-usual weather across much of the nation may have triggered some earlier-than-usual spring spending, investors took heart that a stronger recovery may be finally blooming. For the week ended March 16, the S&P 500 Index rose 2.4% to 1,404 (for a year-to-date total return—including price change plus dividends—of about 12.2%).
ReplyDeleteSource: The Vanguard Group: Economic Week in Review