The Bulls Stampede the Dowhttp://www.fool.com/investing/general/2012/08/09/the-bulls-stampede-the-dow.aspx David Williamson
August 9, 2012
The bulls continue their stampede through the markets, taking on a mini-rally that is looking to extend the Dow Jones Industrial Average's (INDEX: ^DJI ) winning streak to five trading sessions.
As long-term investors, we don't pay much heed to "psychologically important barriers," or, in plain English, "big round numbers." Given that, the S&P 500 (INDEX: ^GSPC ) staying above 1,400 isn't as interesting as the fact that without Europe constantly reminding us how fragile its economic union is, even mixed jobs data at home like today's can't get the bears out of hibernation. Heck, even China's slowdown, which is easily interpreted as a bad sign, has spurred further government stimulus, boosting stocks. Yes, it's safe to say the bulls are in control.
Let's take a closer look at how the three major indexes are faring and at several stocks making headlines.