Saturday 17 March 2012

Stocks' Correction Coming? Not that Again


Investors are beginning to wonder if this Energizer Bunny of a rally can just keep going without taking a break or a fall.
Every Friday for the past couple of months, the question has hung in the back of investors' minds: Is the stock market's rally strong enough to continue without a correction?
Even with the S&P 500 above levels unseen since before the financial crisis, the answer remains: Yes.
The broad market index broke through 1,400 - a psychologically important level - for the first time in four years this week. On Friday, the S&P 500 closed at 1,404.17, its highest since May 20, 2008. The index is up for nine out of the past 10 weeks.
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