Eunice Bakr
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Eunice Bakr in Eunice Bakr,

What's going on? I can't believe we are looking at new highs of S&P 500!

"U.S. stocks rose, sending the Standard & Poor’s 500 Index to an all-time high, as data boosted optimism in the economy amid speculation the Federal Reserve will continue to support the recovery.

The S&P 500 jumped 0.3 percent to a record 1,991.46 at 12:23 p.m. in New York. The Dow Jones Industrial Average gained 70.96 points, or 0.4 percent, to 17,050.09, climbing above 17,000 for the first time since July 29. Trading in S&P 500 companies was 19 percent below the 30-day average for this time of the day", reports Bloomberg.

The market is really in a sweet spot for U.S. stocks, fundamentals continue to be very good,Jeff Kravetz, the Phoenix-based regional investment director at US Bank’s Private Client Reserve, said via phone.
- Come on, Mr Kravetz, sweet spot, really? And fundamentals very good? I would call current spot BOILING, and fundamentals - nothing more than BEARABLE.