S&P Smashes through all time high
Confident High , Markets are BOOMING ! But is the market getting slightly ahead of itself ? GDP growth is slower than expected , unemployment still quiet high and personal/ public debt is still high .
My
Opinion on this is the markets are all driven by human emotion ( greed , fear ) at the moment everyone want to join the party ! I personally have started to take profit , profit is only profit if you have it in your pocket .
Lets see what the 2nd quarter has in stall for us
Tony Evans , Tokyo
S&P Smashes through all time high.
28 Mar, 2013
S&P Smashes through all time high
The S&P 500 smashed through a half-decade-old record as stocks continued their strong rally today.
The push to record territory came in mid-morning trading, as the S&P 500 broke past its previous record close of 1565.15 on Oct. 9, 2007.
The push to record territory came in mid-morning trading, as the S&P 500 broke past its previous record close of 1565.15 on Oct. 9, 2007.
The rally in stock prices has been fuelled by recent reports showing the U.S. economy is recovering, albeit at a sluggish pace. And investors have concluded that the financial markets aren’t immediately threatened by a debt crisis and recession in Europe or by fiscal dysfunction in Washington.
“Confidence is being restored, not just among investors but among businesses and consumers,” says Jason Ware, market strategist at Albion Financial Group in Salt Lake City, Utah. “They’re feeling better about the world, the economy and the market… 2008 and 2009 were pretty difficult, but we’ve come a long way.”
A major driver of the stock market in recent years has been multiple rounds of stimulus by the Federal Reserve and other central banks around the globe. The Fed has pumped billions into the economy, keeping interest rates near record lows. That in turn has made traditionally safe investments like bonds less attractive, pushing investors into riskier assets such as stocks.
If you wish to find out more, speak to a deVere Financial Adviser today.
Tony Evans - Tokyo 
No trackbacks yet.