NEW YORK ( TheStreet) -- New all-time highs were set Thursday at 15,589.40 Dow industrials, 1693.12 S&P 500, 6595.90 Dow transports and 1052.46 Russell 2000. The Nasdaq set a new multi-year high at 3624.54.On Tuesday the Dow industrial average traded below my monthly pivot at 15,437, but the close that day was above that milestone. This was a key to the climb to new highs as Fed Chief Bernanke provided dovish comments to the House on Wednesday then to the Senate on Thursday.
New All-Time Highs in an Overvalued Market
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