S&P 500 Rally Toward Record Broadens as Equal-Weight Climbs 192% - THANKS OBAMA!!
S&P 500 Rally Toward Record Broadens as Equal-Weight Climbs 192%
By Inyoung Hwang & Sarah Pringle - Mar 20, 2013 6:03 PM CT.
The Standard & Poor’s 500 Index (SPX), the benchmark measure of U.S. equities, is approaching a record almost 5 1/2 years after peaking and two years after most stocks in the gauge fully recovered from the worst bear market since the 1930s.
The index has climbed 130 percent since March 2009, adding $10 trillion to the value of American equity as it erased losses from the credit crisis. The majority of companies surpassed their previous highs by April 2011, according to data compiled by Bloomberg. The S&P 500 Equal Weighted Index, which counts each company in the index equally instead of by their market value, increased 192 percent from the bottom.
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Unlike past bull markets, where a single industry dominated, all groups have improved in this rally as the U.S. economy recovers. The breadth of the rebound can be seen in the S&P 500’s weightings, where none of the 10 industry measures represents more than 18 percent of the index. In 2000, technology companies made up 35 percent of the gauge, and in 2006, financial stocks accounted for 22 percent.
UNLIKE THE DUBYA BUSH / KOCH SUPPLY SIDE SCAM THIS ECONOMY AND MARKET RALLY IS REAL. THANKS OBAMA!!