The market is most decidedly on a nice little roll so far this year. Out of the twenty-two sessions that have taken place to date, both the Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) have been in the black nearly two-thirds of the time.
So is all this a collective post-fiscal cliff sigh of relief from investors? Sure, that plays a part in the recent bull run now underway, as do the domestic economic numbers, particularly gains in employment numbers and positive growth in manufacturing numbers, as indicated in the rise of the ISM Index. But do these factors really justify the SPX coming within 60 points of hitting its all-time high? Read more about ETF Periscope: Wall Street High on Main Street Money Influx