The bulls win! New record close on the $SPY. Game over.
Reason du jour? Janet Yellen!
"U.S. stocks rose, sending the Standard & Poor's 500 Index to a record, as Federal Reserve Chair Janet Yellen said the central bank may change its strategy for reducing asset purchases should the economy weaken."
In other words, Yellen said the Fed will do whatever it takes to keep stocks up. Sweet.
***
Stocks rise, S&P 500 sets new record close
By Lu Wang and Callie Bost
Bloomberg - Bloomberg - Thu Feb 27 21:15:00 UTC 2014
U.S. stocks rose, sending the Standard & Poor's 500 Index to a record, as Federal Reserve Chair Jane...
If you have Windows 8, open this in Finance.
Sent from Surface Pro