Big round numbers are rolling through world asset markets at the moment, most of them marking a threshold leading to a revival of investor risk appetites.
The 1,000 level now defines the new all-time high set this week by the small-cap Russell 2000 index (^RUT), while the $1,000 milestone sits ahead of another crucial bull-market bellwether: Google (GOOG) stock.
There is nothing intrinsically significant about any one of these numbers – not even to chart-driven traders. Their appearance in this cluster is a mere coincidence, and no doubt it’s possible at almost any time to hunt for several market indicators that are bumping against a level ending in zeroes.
Related: Google and Tesla: Too Late to Touch?
Yet, as Yahoo! FinanceRead More »from Big Round Numbers Signal Appetite for Risk Is Back