I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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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

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
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Saturday 26 January 2013

DOW : 13,895.98 Up 70.65(0.51%)

The S&P 500 rose 1.1 percent in the past week to 1502, its first close above 1500 since Dec. 10, 2007.

The Dow was up 1.8 percent at 13,895, the highest level since Oct. 31, 2007, and just 1.9 percent away from its all-time high.

The Nasdaq was up 0.5 percent at 3149, held back by big losses in Apple, which fell sharply on disappointing earnings news.
Some analysts believe that big round numbers, like 1500 and 14,000 on the Dow are zones that could cause a mild pullback in stocks, or a pause in the not too distant future.

Stocks closed higher Friday, with the S&P 500 ending above 1,500 and logging its longest winning streak since November 2004, boosted by a batch of upbeat corporate earnings reports. All three major averages turned in their fourth-consecutive weekly gain.

"Slowly but steadily, things have moved up and we've seen some signs money being diverted into stocks instead of bond funds," said Art Cashin, director of floor operations at UBS Financial Services. "But having said that, none of the rally has turned into an outright stampede—We haven't seen huge volume or a sense of short squeeze."

The Dow Jones Industrial Average gained 70.65 points, or 0.51 percent, to close at 13,895.98, led by Procter & Gamble and JPMorgan. The blue-chip index is up more than 6 percent for the month so far, on track for its best January performance since 1989.

The S&P 500 climbed 8.14 points, or 0.54 percent, to finish at 3,149.71, closing above 1,500 for the first time since December 2007. The Nasdaq rose 19.33 points, or 0.62 percent, to end at 3,149.71.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended above 12.

For the week, the Dow jumped 1.80 percent, the S&P 500 rallied 1.14 percent, and the Nasdaq advanced 0.48 percent.

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