Dow, S&P 500 Close At New All-Time Highs

[Purveyor]

Source: USA TODAY

NEW YORK — The stock market continued its upward march Wednesday, propelling both the Dow Jones industrial average and the Standard & Poor's 500-stock index to fresh all-time highs.

The Dow rose 124 points to a record 14,798, according to preliminary reports. The S&P, after flirting with a record Tuesday, hit a new high of 1,587, up 18 points. The tech-laden Nasdaq composite index rose 57 points 58 points to 3,296.

Stocks were the recipients of a wave of buying interest from investors who view the stock market, despite its lofty trading level, as a better place to park their money when cash and bonds offer puny yields.

Buying picked up after minutes of the Federal Reserve's March meeting were released before the market opened. Those minutes showed that central bankers are debating the timeline for an exit of their easy-money policies. But they have yet to signal an end to the stimulus.

Read more: http://www.usatoday.com/story/money/markets/2013/04/10/stocks-wednesday-4-10/2069785/

[IggleDoer]

1. Further proof that Obama ...

... is the worst Socialist ever!

[blkmusclmachine]

7. Friskies or Purina for dinner tonight, Grandma???

Hope for Change!

[Atman]

2. I'm lovin' it.

I took all my savings and my old 401k and started a private pension plan around the first of the year. My investment adviser warned me to sit tight...Obama was a wild card, he expected all hell to break loose if he can't reach a budget deal with the GOP. We got into some aggressive stuff with the understanding that we just wait out the first year until things settled down. Instead, the market continues to go up, and I've made a bundle.

Damn Obama. I might be able to retire some day after all!

[Purveyor]

4. I'd be nervous as hell though at this point if I were you. I stopped stock market investing when

I got my clock-cleaned during the tech bubble.

[Atman]

6. Believe me, I've got a call in to "my guy."

I lost a bundle the last time around, but made it all back -- and much more -- during this cycle. I don't trust these Wall Street fuckers. But my new fund was specifically designed to ride out bad times. Very diversified. >Crosses fingers<

Again, this pension fund was set up EXPECTING a crash, and instead we boomed. I made a lot of money they didn't expect to be there now. I have some serious discussion coming up with my investment adviser.

[Atman]

8. BTW, not much of it is in the stock market.

Like I said...very diversified.

[xtraxritical]

13. You can set-up standing limit loss orders.

[SleeplessinSoCal]

3. Fasten you seatbelts. Prepare for a hard landing.

[msongs]

5. the bigger the sellout the higher the market. who'da thought eh? nt

[rtracey]

9. don't panic, but...

I would begin to take some profits..... I know interest rates are still low, but my thinking is take profits, perhaps if young enough (45-55), invest in a long term annuity...you may get about 8%, per year, but check the payout.... 10 years is good, but if sooner, you will lose bonus and all you gained....

[slackmaster]

10. I've started keeping a larger percentage of my IRAs in cash so I'll be in a position to buy...

...at the next dip. I'm happy with my holdings in general, can can weather another cycle or two.

[xtraxritical]

14. If I had cash I would buy some 3mo DIA put options right soon.

[madrchsod]

11. well someone is making money...

by the way ...what is this stimulus the article mentioned?

[bhikkhu]

12. "quantitative easing"

which is pretty complicated to explain - http://www.latimes.com/business/money/la-fi-mo-fed-minutes-20130410,0,1267120.story

as I understand it, the net effect is to increase the money supply (which decreases in recession due to credit defaults). It generally stimulates economic activity, and works well enough as long as it doesn't cause inflation.

[elleng]

15. Retail sales advance.

http://www.democraticunderground.com/1014423451

[elleng]

16. Asia Stocks Up as Wall Street Climbs on Tech Gains.

Asian stock markets powered higher Thursday after a U.S. communications company posted a surprise jump in earnings that led to big gains in technology stocks and new highs on Wall Street.

Markets took additional encouragement from the release of minutes from the U.S. Federal Reserve's March meeting, which showed a majority of policymakers in favor of continuing the central bank's bond purchases to help boost the U.S. economy at least through the middle of the year.

http://www.nytimes.com/aponline/2013/04/11/world/asia/ap-world-markets.html?hp