Market's new-high streak still far from record

Room to run? The S&P 500 has posted 33 new record-high closing numbers in 2013. But that's not even halfway to the best year ever.

By MSN Money Partner Oct 30, 2013 1:51PM

By MarketWatch.com

 

Records are coming fast and furious for the major U.S. market benchmarks. They provide just one more data point prompting some prognosticators, including Larry Fink of BlackRock and MarketWatch’s Mark Hulbert, to say this Fed-fueled momentum rally can’t last.

 

But by one measure, the rise to higher highs has a long way to go.

 

As record-tallier Howard Silverblatt of S&P Dow Jones Indices points out, the number of annual records set by the S&P 500 ($INX)  is far from rate set in the mid-to-late 1990s.

 

MarketWatch graphic on S&P highsIn fact, with 33 as of the close on Tuesday, Oct. 29, close, they’re not even halfway to the 77 record-closes-per-year set in 1995, which was a peak, says Silverblatt.

 

Want more stats? Record closing highs for the S&P 500 total 1,019 since 1928. But they didn’t get going until second half of the last century. From 1930 through 1953 there were none, notes Silverblatt.

 

More at MarketWatch.com:

 
7Comments
Oct 30, 2013 7:46PM
avatar
Markets shouldn't be fluctuating wildly because of hopes of making record profits anyway.  Gambling like that is dangerous, and why should everyone else pay to bail out individuals or corporations that waste money like that?  People should be investing in companies that they value and perhaps gain some returns because the company does things the right way.
Oct 31, 2013 8:26AM
avatar
Just coincidence that the market closed right at where it was when dot.com bubble crashed?  Big difference = the dot.com bubble was formed by the uninformed throwing money at companies with no product.  This bubble has been fueled by counterfeit money.  Neither ended / or will end well. 
Oct 31, 2013 12:24AM
avatar

I'm still reeling from the article the world may face a wine shortage, and can't even comment on this.

 

I'll ride both situations out, though.

 

What's in your wine cellar?

 

Oct 31, 2013 7:48AM
avatar
And the rest of us go on looking for ways to keep up with the REAL inflation and price increases while trying to keep our food and shelter . Meanwhile , the man behind the curtain keeps pulling the lever for more things to keep us pre-occupied .
Oct 30, 2013 8:31PM
avatar
markets makes too many highs because of too many fed money printing or stock inflation but not because companies improved profits.Obama monetize power by inflating stocks of his financial supporters or maybe people that pay the gang dearly to get its stock inflated.His middlemen borrow money  colluded from bailed out banks with no collateral and buy the stocks and sell them at high prices to short sellers and 401k funds.its Illegal and senate must investigate these transactions
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

RECENT QUOTES

WATCHLIST

Symbol
Last
Change
Shares
Quotes delayed at least 15 min
Sponsored by:

MARKET UPDATE

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
Market index data delayed by 15 minutes
[BRIEFING.COM] S&P futures vs fair value: +3.50. Nasdaq futures vs fair value: +11.50. Nasdaq at... NYSE Adv/Dec 0/0... Nasdaq Adv/Dec 0/0.

Currencies

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.