I TOLD MANY A TIMES TO MY FRIENDS THAT THE MARKETS ARE DOING WELL AND "DAX" IS OUR BAROMETER. THOUGH THE NEWS HEAD LINES CARRY NEGATIVE NEWS, THE MARKETS ARE PERFORMING........
S&P 500 Rallies to Highest Since 2008 on Stimulus Bets
By Rita Nazareth - Sep 8, 2012 9:30 AM GMT+0530U.S. stocks rose for the week, sending the Standard & Poor’s 500 Index to the highest since 2008, amid bets the Federal Reserve will stimulate the economy and as the European Central Bank announced a bond-buying plan.
Bank of America Corp. and JPMorgan Chase & Co. climbed at least 5.8 percent for the week, following a surge in European lenders. Newmont Mining Corp., the largest U.S. gold producer, jumped 2 percent as the metal rose to a six-month high. Amazon.com Inc. added 4.4 percent after introducing a new line of Kindle e-readers and tablets. Facebook (FB) Inc. rallied 5.1 percent after Chief Executive Officer Mark Zuckerberg said he won’t start selling his holdings for at least a year.The S&P 500 added 2.2 percent to 1,437.92, snapping a two- week decline, in its biggest rally since June. It rose within 10 percent of its all-time high in October 2007. (SPX) The Dow Jones Industrial Average gained 215.80, or 1.6 percent, to 13,306.64, its highest level since December 2007
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