S&P 500 (briefly) hits record high..ties record for longest-ever bull run

http://www.abc.net.au/news/2018-08-22/s&p500-briefly-hits-record-high-ties-record-longest-bull-run/10150732

Wall Street’s benchmark S&P 500 briefly touched a record high, and equalled its longest-ever bull-market run, amid solid earnings in the consumer sector and relative calm in the US-China trade spat.

The index’s bull-market run is now 3,452 days old and, on Wednesday, would become the longest such streak in history, at least for some market watchers.

It seems investors remain cautiously optimistic that something positive might happen when American and Chinese officials meet in Washington this week to negotiate their trade dispute.

The S&P 500 closed 0.2 per cent higher at 2,863 points, just 10 points below its previous record of 2,873 (on January 26).

Trade-sensitive industrial stocks rose for the fourth consecutive trading day and boosted the benchmark S&P index.

The blue-chip Dow Jones index lifted by 64 points, or 0.25 per cent, to 25,822, while the technology-heavy Nasdaq gained 0.5 per cent.

————

what goes up..must come down..

“The index’s bull-market run is now 3,452 days old”

in 50 yearstime this will be known as “the dream that went for 10 years”..

~ by seeker401 on August 23, 2018.

3 Responses to “S&P 500 (briefly) hits record high..ties record for longest-ever bull run”

  1. Does it go down anymore? Or are there just shorts? Only some things go down, picked up by some for money when those stocks go back up. China is building and expanding outside its’ national borders by a debt driven economy. Foreigners can invest in these expansions and the stock market does not go down for awhile.

    I might be wrong, but are we in for a long way up-up-up in stock. I agree seek, what goes up must come down, but not sure about stocks anymore. Unless something very drastic happens, which is always a threat in this world.

  2. Look at this website. weird effort, eh?:
    https://steadystate.org/

    I am reading through Neon’s new post and coming across some of this stuff.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: