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

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
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Friday 12 April 2013

Stocks Log 4-Day Rally; Dow, S&P End at Log Fresh Closing Highs. 14,865.14 Up 62.90(0.42%)




By: CNBC.com Writer
                

Stocks ended higher Thursday lifted by an upbeat jobless claims report, with the Dow and S&P 500 closing at fresh levels, while weakness in large tech companies limited gains on the Nasdaq.

 "The market seems to be on autopilot," said Joe Saluzzi, co-manager of trading at Themis Trading. "Everyone believes there are some serious issues being overlooked, but no one wants to fight a momentum-fueled rally…Plus, we've been on very light volume; when you see rallies, you want to see buyers."

The Dow Jones Industrial Average advanced for the fourth-consecutive session, gaining 62.90 points to end at 14,865.14, lifted by Pfizer and Travelers. Hewlett-Packard dropped more than 6 percent.
 
The S&P 500 rose 5.64 points to finish at 1,593.37. The Nasdaq eked out a gain of 2.90 points to close at 3,300.16.

The S&P and Nasdaq are on pace for their second best weekly gains for the year.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, ended above 12.

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