Weekend Linkfest
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A strong week, as Bernanke's testimony sent the Dow deeper into record territory. It finished the week up 1.5%, its biggest weekly gain in three months. The S&P 500 gained 1.2%, while the Nasdaq also rose 1.5%, despite the ongoing softness in Mr. Softee. Even given these strong numbers, the U.S. markets are actually lagging global bourses.
Sentiment remains frothy, but hasn't hit extremes just yet. Barron's Mike Santoli notes that bullish sentiment is Wide, Not Deep: "The very persistence of those predictions for a long-deferred pullback (guilty as charged here) and the constant lament about near-absent volatility could imply the first dip, when it comes, won't be a real bruiser. Bullish sentiment is widely held, but doesn't seem deeply felt. Retail investors haven't yet caught the fever."
True dat. No need to scratch your heads, however. We got it all covered with this week's Linkfest: ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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154.48
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19.14
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37.61
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0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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-1.73%
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-1.46%
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