They may be smashing records? But where are the jobs? And what about inflation? What about the price of food and gasoline? What about the stagnant economic growth rate of 0.4%? Smoke and mirrors people. The big crash is right around the corner.
Published: Thursday, 28 Mar 2013 | 5:28 PM ET
Stocks closed out the first quarter on a high
note with the S&P 500 piercing through levels last seen in 2007 to
end at a record high near 1,570 and the Dow logging its strongest
quarter in 15 years.
(
Read More:
After April Showers, Market Could Spring Higher by Year End)
The S&P finally surpassed its closing high level of 1,565.15
shortly after the market open after flirting with the milestone for
weeks, recovering all its losses from the financial crisis. The next
milestone for the index is its all-time intraday high of 1,576.09, set
on October 11, 2007.
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