Investors found July hot hot hot
By Dian Vujovich
Well you can stand up and cheer for the heck of a great year stocks on Wall Street are having. Who would have ever thought that given America’s current economic conditions and a seemingly Hatfield and McCoy Congress that anything positive would be going on in the stock markets? But that’s not been the case.
When July came to a close yesterday, the news for anyone invested in any of the U.S. market indices was terrific: July’s 2013 performance was the been since 2010.
Looked at more closely, during the seventh month of the year, the Dow Jones Industrial Average had gained 4 percent, the S&P 500 rose 5 percent and NASDAQ moved ahead over 6.6 percent.
Taking a longer back look, the year-to-date performance of all three indices through July 31 was hugely impressive as well: Both the Dow and S&P500 were up over 19 percent and NASDAQ ahead 21 percent.
That’s incredible folks. Twenty- percent returns are what investors crow about in a year. Finding those kinds of gains in a bit more than half-way through a year is something to respect.
How long the bulls will run wild is anybody’s guess. But while those hefty beasts are tearing down the street, investors have something to cheer about whether they are moms and dads, students, homemakers, home wreckers, about-to-be retirees, or golden retirees, as up is up. And when you’re participating in the oh-so fickle game of money, up typically makes everyone a winner.
Look for your July statements to post ongoing positive news with total assets in your account(s) larger than they were at year-end 2012.
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