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Purveyor

(29,876 posts)
Wed Mar 13, 2013, 05:05 PM Mar 2013

Stocks Gain; Dow Has Longest Win Streak Since 1996

Source: MarketWatch

Equities advance has S&P 500 less than 11 points from record close

By Kate Gibson, MarketWatch

NEW YORK (MarketWatch) — U.S. stocks posted slight gains Wednesday, with the Dow Jones Industrial Average capping its longest win streak in more than 16 years after February retail sales beat expectations.

The figures from the Commerce Department had retail sales up 1.1% last month, the largest gain in five months and better than forecast.

“The numbers were very good; the consumer is showing incredible resilience, having absorbed the dysfunction in Washington and the payroll-tax increase,” said Ron Florance, managing director of investment strategy for Wells Fargo Private Bank.

--CLIP
The finish marked a ninth straight day of gains, the Dow’s longest such run since a 10-session win streak that ended Nov. 15, 1996.

“The stock market has basically been playing catchup. People had so much money on the sidelines, and now they realize the world is not coming to an end,” said Florance of the market’s advance that has the S&P 500 index up 9% this year.

Read more: http://www.marketwatch.com/story/us-stocks-fall-dow-retreats-from-record-2013-03-13

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Stocks Gain; Dow Has Longest Win Streak Since 1996 (Original Post) Purveyor Mar 2013 OP
Maybe I can start looking at my quarterly retirement reports again.... yellowcanine Mar 2013 #1
Let me know when the index factors in inflation. n/t L0oniX Mar 2013 #9
Yet liberalmike27 Mar 2013 #16
About 2 weeks of gains left ZOB Mar 2013 #2
It is all Obama's fault riverbendviewgal Mar 2013 #3
Watch Bernanke... dtom67 Mar 2013 #4
Nah quaker bill Mar 2013 #11
ok, but I do not agree that there is a metals bubble... dtom67 Mar 2013 #14
The only reason metals have not corrected fully quaker bill Mar 2013 #17
How's that taste, GOP? motocicleta2 Mar 2013 #5
The economy was going to improve anyway. Even Romney knew that. n/t L0oniX Mar 2013 #10
fair enough motocicleta2 Mar 2013 #15
Amazing. It says here: Ghost Dog Mar 2013 #6
I just wish some of this would start amounting to jobs... lexw Mar 2013 #7
Obama is totally ruining the economy klyon Mar 2013 #8
Imagine the headlines if Romney were POTUS now.. DCBob Mar 2013 #12
He'd take credit for it, of course, even though it would have nothing to do with his policies slackmaster Mar 2013 #13

yellowcanine

(35,701 posts)
1. Maybe I can start looking at my quarterly retirement reports again....
Wed Mar 13, 2013, 05:10 PM
Mar 2013

For a long time there I wasn't even looking at them.

liberalmike27

(2,479 posts)
16. Yet
Thu Mar 14, 2013, 01:58 AM
Mar 2013

Down on Main-street, not so much--so, who cares? My guess is a crash is a coming. Just about when they sucker in all of the poor and middle class folks, they'll start stripping out their money, throwing it into government bonds they have to sell to finance the government, draw interest and a safe place to put their money, from the rest of the taxpayers, while the stock prices drop.

 

ZOB

(151 posts)
2. About 2 weeks of gains left
Wed Mar 13, 2013, 05:12 PM
Mar 2013

At the end of this month, the U.S. begins to default on its loans unless Congress raises the debt ceiling...and that will not bode wekk for the stock market.

quaker bill

(8,225 posts)
11. Nah
Wed Mar 13, 2013, 07:59 PM
Mar 2013

Not even close. If the Fed stops "printing money" the first bubble to burst will be precious metals. Tons of that money will pour into equities. Your market calculus needs calibration.

dtom67

(634 posts)
14. ok, but I do not agree that there is a metals bubble...
Wed Mar 13, 2013, 08:25 PM
Mar 2013

If there were, you wouldn't see the depression of PM prices in London and elsewhere.

When the Fed quits printing, its "Risk off"; even the Algo's will follow suit.

Good luck.

quaker bill

(8,225 posts)
17. The only reason metals have not corrected fully
Thu Mar 14, 2013, 06:52 AM
Mar 2013

is QE and the mass marketed fear of hyperinflation. If easing stops before any real inflation materializes, per the current plan, metals will complete the correction. A large chunk of the volume in the PM futures market of late has been a shift from longs to shorts. Many of the bigger players are now going net short. I do not claim to know the event that will trigger the big move, but it is not far off.

I do not invest in PMs, I just buy them as raw materials to make art jewelry. Since I sell at many multiples of spot the price, the price is only relevant to my net profit. I am however looking forward to a bargain buy.

Equities have been outperforming metals for well over a year now. This will continue and accelerate as the economy improves. A good chunk of that will be $ shifting from metals to equities. The big losers will be the preppers who hold over priced physical PMs as they simply will not be able to bail fast enough. Collectible french gold francs will be the next beanie babies. The only difference will be melt weight value at perhaps 25 cents on the dollar paid to purchase them from Glenbeckisan.

I could use some cheap 24K to alloy up my 14K scrap, 18K and 22K work far better in the art jewelry market.

 

Ghost Dog

(16,881 posts)
6. Amazing. It says here:
Wed Mar 13, 2013, 05:36 PM
Mar 2013

Research In Motion Ltd BB 16.04* +1.21 (8.16%) 8,404.96M 10.23M 14.52 16.13 14.47

... Oh, Ok, sorry. That's Canadian. Loonies.

Carry on...

klyon

(1,697 posts)
8. Obama is totally ruining the economy
Wed Mar 13, 2013, 06:14 PM
Mar 2013

just think if the rethugs had tried to help instead of hinder what our economy would look like

DCBob

(24,689 posts)
12. Imagine the headlines if Romney were POTUS now..
Wed Mar 13, 2013, 08:07 PM
Mar 2013

Business thrives under GOP leadership!
Economy responds to Republican fiscal policies!
Romney economic genius!!

 

slackmaster

(60,567 posts)
13. He'd take credit for it, of course, even though it would have nothing to do with his policies
Wed Mar 13, 2013, 08:24 PM
Mar 2013

Just as the present uptick has nothing to do with the current administration's policies.

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