As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Thursday, 17 October 2013

Stocks end near highs after Senate deal, Dow soars 200; Vix skids 19%

By: | Stock Market Writer

Stocks closed at session highs Wednesday, with the Dow up 200 points and S&P within 1 percent of hitting its record, after Senate leaders announced a long-awaited compromise to raise the debt ceiling and put an end to the government shutdown.

The Dow Jones Industrial Average shot up 205.82 points, or 1.36 percent, to end at 15,373.83, boosted by Goldman Sachs and JPMorgan.

The S&P 500 jumped 23.48 points, or 1.38 percent, to close at 1,721.54. The S&P 500 is less than 1 percent away from its record high of 1,729.86 reached on Sept. 19.

And the Nasdaq rallied 45.42 points, or 1.20 percent, to finish at 3,839.43.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, tumbled near 15.


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