Posted By RichC on February 13, 2015
The U.S. stock market rallied this week and closed Friday in nose bleed territory. The Dow finished the day at 18,019.35 up 47 points and S&P 500 setting a new record as well up .41 percent at 2096.99. The Nasdaq was up as well and closed at 4893.84, nearing its old high of 5,048.62 back on March 10, 2000 … that was 15 years ago!
The firming oil prices are partially credited for the new highs and the headline of a Ukraine and Russia peace didn’t hurt either. Some of the euphoria has some cautious investors’ nerves on edge, wondering if we are once again adding too much air to the balloon?