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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"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

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Saturday, 10 April 2021

Dow jumps nearly 300 points to a record high, gains 2% for the week

 Walan! Gap widen up! Can STI Bulls FOMO to catch up with Uncle DOW?

U.S. stocks climbed to record levels and closed out Friday at their session highs as Wall Street wrapped up the week with solid gains amid rising reopening optimism.

The Dow Jones Industrial Average rose 297.03 points to 33,800.60, notching a record closing high. The S&P 500 gained 0.8% to 4,128.80, hitting its third straight record close. The tech-heavy Nasdaq Composite edged up 0.5% to 13,900.19.

Stocks linked to the recovering economy led the gains again amid the accelerating vaccine rollout. Carnival Corp rose 2.6% after getting two upgrades on Wall street amid pent-up demand and potential summer restart. General Electric climbed more than 1%. JPMorgan added 0.8%.



Posted by Createwealth8888 at 08:37
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2 comments:

  1. Spur10 April 2021 at 12:11:00 GMT+8

    Hmm provided that S'pore can open up as fast as US hoho.

    But since we depend on external markets more than domestic market, S'pore also needs our major trade partners, especially Asian countries, to also speed up openings too.

    ReplyDelete
  2. Rainbow11 April 2021 at 01:44:00 GMT+8

    Hi Uncle Temperament,

    If the conviction is that bull still has legs to run, then why not collect instead of sell?

    ReplyDelete

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