Dow, S&P Close at Record High as Brexit Fears Ease

[Purveyor]

Source: CNBC

U.S. stocks closed higher Tuesday as fears eased over Brexit and Japan signaled more economic stimulus.

"I think the things that people were worried about, ... sort of faded into the background," said Greg Zappin, managing director and portfolio manager at Penn Mutual Asset Management. "You have a lot of things conspiring to make this a very benign investing environment.

The S&P 500 moved higher in record territory and the Dow Jones industrial average closed at a new all-time high.

The blue-chips index reached the milestone on the heels of the S&P 500 closing at an all-time high Monday. On Tuesday, the Dow closed about 120 points higher, with Goldman Sachs contributing the most gains.

Read more: http://www.nbcnews.com/business/business-news/dow-s-p-close-record-high-brexit-fears-ease-n608141

[doc03]

1. Thanks Obama! The markets and my IRA were in the tank when "W"

left office, I have recovered all my losses with interest since Obama became president.

[mountain grammy]

2. No, it's because of this..

The adults are in charge in America..

[Helen Borg]

3. Brexit fears ease based on what?

On what a few drunken UK politicians said? Does the world really think that Theresa May is a great leader?

[former9thward]

4. Investors do.

What the "world" thinks is of minor consequence.

[karynnj]

5. I suspect that the fear that eased is that other markets - EU or USA would be affected

if you look at the pound vs dollar -- they are still down significantly. It might be that Britain still faces problems.

[bucolic_frolic]

6. Fear and Greed

Wall Street always did lurch the public from fear to greed and back again

There are so many tools they can use

The Fed, hedge fund managers, news crises, oil prices, political and military strife,
economic news, guru rants

After awhile you do realize the old saw about them 'shaking the little guy out of
his shares' still rings true

When you feel like you're going to puke, hold on a little longer lest you give them
away at the bottom

Brexit was just such an engineered financial event

[Auggie]

7. +1

[bucolic_frolic]

8. Thanks

and I should also add, we're at an all time high?

I'd take a little money off the table, or hedge a long here or there

Watch volume ... when it's light at the top, only the public is buying,
and the pros are about to dump

Don't be a bag holder

[Auggie]

9. BTW, I made $1000.00 on Brexit

Small potatoes, but better than doing nothing.

I agree it's time to start moving into more conservative stuff. Or taking some profit, at least.

[yellowcanine]

12. Just as important to hold now as at the downturns if you don't need the cash.

Buy and hold means hold at the highs and the lows - unless you need the cash, of course. "Profit taking" is for professional stock traders and it doesn't always work out for them either.

[jtuck004]

10. Before the financial crisis there were only 26.3 million people on food stamps.

...
Joe is one of 8 million unemployed Americans who remain without work despite a hiring surge in recent years.

The hurting economy still exists. Perhaps the most telling sign that the U.S. isn't back to normal is the 44.7 million Americans on food stamps. Joe is one of them, something else he never envisioned in his life.

Before the financial crisis there were only 26.3 million people on food stamps.


...

http://money.cnn.com/2016/04/26/news/economy/middle-class-to-homeless/index.html?sr=cnnmoneybin043016middle-class-to-homeless0900vodtop

[elmac]

11. Stocks have never been a measure of the true economy

and the true economy generally sucks but there are lots of burger flipping lobs that's for sure.