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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Value Investing
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Friday, 25 October 2013

Stocks end near session highs, S&P 500 above 1750

By: | Stock Market Writer

Stocks recovered the previous day's losses to close higher Thursday, with the S&P 500 regaining its footing above 1,750, as Wall Street cheered a handful of upbeat earnings and encouraging economic data from China.

 The Dow and S&P 500 are on track for their third-straight winning week.

The Dow Jones Industrial Average soared 95.88 points to end at 15,509.21, boosted by Visa and Home Depot. The blue-chip index is within 1.5 percent from hitting its record high. The Dow has flip-flopped between gains and losses for nine-consecutive sessions.

The S&P 500 gained 5.69 points to close at 1,752.07. For the year, the S&P 500 is up a cool 20 percent. And the Nasdaq climbed 21.89 points to finish at 3,928.96.

Meanwhile, the CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, was parked in a range for most of the session near 13.


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