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



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

Oct 30, 2013 7:46PM
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
Just coincidence that the market closed right at where it was when bubble crashed?  Big difference = the 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

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
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
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
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[BRIEFING.COM] The stock market welcomed the new trading week with a mixed session that saw relative strength among large-cap stocks, while high-beta names underperformed. The Dow Jones Industrial Average (+0.3%) and S&P 500 (-0.1%) finished near their flat lines, while the Nasdaq Composite and Russell 2000 both lost 1.1%.

Equities began the day on a cautious note amid continued concerns regarding the strength of the global economy. Over the weekend, China reported its first decline ... More


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