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Record-Smashing Quarter:
S&P 500 Ends Above 2007’s Record Close,
Dow Posts Best Q1 Since 1998

CNBC, by JeeYeon Park

Original Article

Posted By:MattMusson, 3/28/2013 4:50:26 PM

Stocks closed out the first quarter on a high note with the Dow logging its strongest quarter in 15 years and the S&P 500 piercing through levels last seen in 2007 to end at a record high near 1,570. The S&P finally surpassed its closing high level of 1,565.15 shortly after the market open after flirting with the milestone for weeks, recovering all its losses from the financial crisis.

Comments:
The illusion of wealth. I would rather step into a bear trap than get back into this market.

      


Post Reply  

Reply 1 - Posted by: RightShoe, 3/28/2013 4:54:41 PM     (No. 9248721)

There is no reason for this other than the market being manipulated.

Something is terribly wrong.

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Reply 2 - Posted by: snowoutlaw, 3/28/2013 5:04:53 PM     (No. 9248741)

Nothing wrong just supply and demand. Record amounts of money chasing the same number of investments, prices have to go up. This is happening while Obama spending also has a Record-Smashing Quarter, see any correlation?

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: noproblems, 3/28/2013 5:18:40 PM     (No. 9248764)

funny how wall street always seems to make money, but the average person does not

heck, wall street made billions in 2009 when everyone else had their assets value cut in half

we have chronic unemployment but the fat cats are getting theirs

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Reply 4 - Posted by: dixieboy1, 3/28/2013 5:22:18 PM     (No. 9248770)

This is going to end badly.

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Reply 5 - Posted by: AltaD, 3/28/2013 5:39:56 PM     (No. 9248789)

I don´t want to jinx myself but I have to say, it´s been a profitable ride!

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Reply 6 - Posted by: Sanchin, 3/28/2013 5:53:42 PM     (No. 9248804)

When the Fed pumps $85 BILLION a MONTH into the market one should expect nothing less.

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Reply 7 - Posted by: franq, 3/28/2013 5:54:59 PM     (No. 9248805)

Funny money. Printed money. Bring it in wheelbarrows. Prepare!

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Reply 8 - Posted by: judy, 3/28/2013 5:55:33 PM     (No. 9248806)

They know the won will bail them out .... wall street loves the won...hmmm the poor loves the won, the rich loves the won...guess the middle class is left to defend for themselves....

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Reply 9 - Posted by: A Balrog of Morgoth, 3/28/2013 6:23:01 PM     (No. 9248849)

So, it only took six years to get our return on investment over 0%. What a scorching recovery.

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Reply 10 - Posted by: obdurate, 3/28/2013 6:44:40 PM     (No. 9248876)

re:#4 Yep

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Reply 11 - Posted by: Rafter, 3/28/2013 7:00:33 PM     (No. 9248892)

Irrational ex-uber-nuts.

Wait ´til the next crash.
Coming soon...

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Reply 12 - Posted by: mackrand, 3/28/2013 7:06:58 PM     (No. 9248901)

Not so strange after all from where I sit. This is all the Cypriot money, and French money, and Italian and Greek and Brit money. There is no where safer than in the United States for investments. It will be the last place to take a dump. But then, is there anywhere really safe for your money?

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