Stocks Rally on Hope for a Deal

Today is D-Day which is either Debt Day or Default Day. At midnight, the U.S. exhausts its borrowing authority. A deal finally seems likely and the stock market is rallying strongly. The S&P 500 is up to 1,717 which is pretty close to an all-time high.

Several of our Buy List stocks are doing very well. Nicholas Financial ($NICK) broke $17 yesterday. The shares got as high as $17.20. AFLAC (AFL) is over $65 and at a new 52-week high. Fiserv (FISV) is up to $103 per share.

Our Buy List is now up 26.6% for the year. Stryker (SKY) will report earnings tomorrow.

Posted by on October 16th, 2013 at 10:11 am


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