Following an 85-year old trend, the S&P 500 Index should power 6 percent higher through year’s end, reaching 1,862.79 — which would be a full 20 percent higher than the previous record high. Since 1928, any time the market has recorded a 10 percent gain through October (as it has this year), it has added another 6 percent gain through year’s end 82 percent of the time, according to the folks at S&P and Bloomberg. Adding more fuel to this fire is the fact that the S&P’s return over November and December has been positive every year since 2009, and there’s no reason to think that run will end in 2013. So get out there investors and keep the rally alive.
U.S. stocks rose today, after two straight down sessions, to notch the S&P's fourth straight weekly gain. The day's rise was in part caused by factory data and earnings reports, as investors searched for hints of when the Federal Reserve may begin tapering its stimulus.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager. As well as a book author and regular contributor to numerous investment websites, Jim is the editor of:
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Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: