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

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Saturday, 18 May 2013

Stocks Rally for 4th-Straight Week; Dow, S&P 500 Jump to New Highs

























By: CNBC.com Writer

Stocks closed out the week with strong gains, with the Dow and S&P 500 hitting fresh highs and all three major averages logging their fourth-straight weekly advance, boosted by a pair of positive economic reports.

The S&P 500 closed at 1,667, spiking nearly 150 percent since the financial crisis when the index hit a low of 666.79 on March 6, 2009.

The Dow Jones Industrial Average rallied 121.18 points, or 0.80 percent, to close at 15,354.40, led by Boeing and JPMorgan.

The S&P 500 jumped 17 points, or 1.03 percent, to end at 1,667.47. The Nasdaq advanced 33.73 points, or 0.97 percent, to finish at 3,498.97.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, finished below 13.

For the week, the Dow soared 1.56 percent, the S&P 500 gained 1.98 percent, and the Nasdaq added 1.82 percent. Cisco led the top Dow gainers, while Intel edged lower.

The S&P 500 & Nasdaq have each had gains of at least 1 percent in each of the last four weeks. The last time that happened for the S&P was back in October 2011 and the last time the Nasdaq rose at least 1 percent for four-straight weeks was in February 2012.

All key S&P sectors finished in positive territory for the week, led by financials and industrials.
 

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