Bernanke (Again) Lifts the Market

The stock market is rallying strongly again today. If this holds up, it will be the fifth-straight advance for the S&P 500. The index is currently very close to its all-time high close of 1,669.16 from May 21st. It spiked to an intra-day high of 1,687.18 the next day.

Yesterday’s Fed minutes were see as quite dovish. The Fed has apparently won its battle against those who have seen hawkish views in the Fed’s recent comments. Confirming this view is that gold is up quite strongly today.

Our Buy List is now up over 20% for the year. Stocks like Medtronic ($MDT), AFLAC ($AFL), Fiserv ($FISV), Stryker ($SYK), CR Bard ($BCR) and Bed Bath & Beyond ($BBBY) are at new highs today.

Posted by on July 11th, 2013 at 10:44 am


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