Sunday, March 14, 2010

Sanguine investors push stocks to cycle highs

Words from the (investment) wise for the week that was (March 8–14, 2010)

Shrugging off some lingering reminders of the credit crisis and recession, investors last week marked the one-year anniversary of the bear market low by pushing many benchmark equity indices to cycle highs. Wall Street scaled 17-month highs on the back of easing concerns of sovereign debt defaults and increased hopes for a global economic recovery as the US dollar pulled back and the CBOE Volatility (VIX) Index approached 22-month lows. Read all about this, together with some thought-provoking news items and quotes from market commentators during the past week, in the weekly “Words from the Wise” review.

Posted by prieur du plessis @ 08:40 AM (611 views)
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