Unlike yesterday, when the Dow Jones Industrial Average (INDEX: ^DJI ) started out strong, only to recede later in the day, the index shot out of the blocks and maintained that momentum right up to the closing bell. Venerable banking giant JPMorgan Chase reversed yesterday's performance, whipping its phaeton into overdrive to claim today's top spot, while industry stalwart Boeing faced some headwinds that pushed its shares to the back of the pack.
Source: Yahoo! Finance.
Today's climb was fueled by strong performances in the banking sector, as well as news that the IMF is about to boost funding to help ease the European debt crisis. We may not be in orbit yet, but I, for one, am enjoying the view.
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Report this Comment On January 18, 2012, at 9:47 PM, CaptainWidget wrote:
It's crazy to think the market climbs when it hears that we're buying more time between now and the next crisis.
The bulls are off and running. I'm waiting for blood in the streets.
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