Sunday, March 14, 2010
Sanguine investors push stocks to cycle highs
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 â€œWords from the Wiseâ€ review.