Market Achieves Record Levels
About an hour into trading today, the S&P 500 and the Dow Jones Industrial Average have both surpassed previous all time highs and achieved significant milestones. As I write this around 10:30am, the DJIA is at 15,003, marking the first time in history the venerable index has reached that level. Similarly, the S&P 500 is at 1,616, the first time that index has ever been over 1,600. And...
Read MoreThe Bull Is Running: So Says Dow Theory
Three and a half weeks into 2013 the Bull is solidly in control of the market. The Dow Jones Industrial Average and S&P 500 are both closing in on the all time highs set back in 2007. The Nasdaq has surpassed the 2007 levels but remains well below the all time high from 2000. Interestingly, the Dow Jones Transportation Average has just blown past its previous record to achieve a new all time...
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