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Richard's Thoughts On Third Phases & Where We Currently Stand

Daily Recap

It happened again ... another day of higher prices in this seemingly unending melt-up. Today the surge gathered steam as the Industrials rose an impressive 166 points to close at 23,328. Today's new high marks the most record closes this index has achieved in a calendar year since 1995.


Other markets here in the states were equally bullish. The Transports rose 0.87%, while the Nasdaq climbed 0.36% and the S&P 500 gained half a percent. All this while volatility, using the VIX as a proxy, continues to remain below 10.


International markets fared similarly well. In Europe all major exchanges were in the green, though the Europe Dow still managed to suffer a 0.32% loss. In Asia, trouble in India (the Sensex fell 0.60%) was offset by gains in all other major averages. Here too, oddly, the Asia Dow was down a smidge, falling 0.04%.


Bond prices fell worldwide, as investors apparently shunned ... Log in or subscribe to continue reading.

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