S&P 500 Hits 2012 Highs
The stock market truly do crawl a wall of worry. If you can believe it, the S&P 500 Index just hit new 2012 highs this morning. The S&P 500 just hit 1,422.62 after a +4.49 gain, and that compares to…
The stock market truly do crawl a wall of worry. If you can believe it, the S&P 500 Index just hit new 2012 highs this morning. The S&P 500 just hit 1,422.62 after a +4.49 gain, and that compares to its prior 52-week range of 1,074.77 to 1,422.38. We have the DJIA and the NASDAQ both lagging:
The DJIA just hit 13,289.82 after a gain of 18.18 against a 52-week high of 13,338.70.
NASDAQ is not quite at its 52-week highs after a gain of 14.09 to 3,090.30 against a 52-week high of 3,134.17.
Keep in mind that the 10-year Treasury yield is up at 1.833% and the 30-year Treasury bond yield is 2.945%.
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Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
