Dow advances to near 2009 high

Stocks rose at the start & remained higher all day. Dow was up 73 closing near last week's 2009 high, advancers over decliners 2-1 & NAZ gained 18. Dow rose 250 this week. Banks were soft, the Financial Index is getting used to being below 200.

S&P 500 FINANCIALS INDEX

Value 197.05

Change -0.55

% Change -0.3%

High Yields had good gains. The Alerian MLP Index has been flat all week remaining near 260. But today it was up 2, returning to the 261 high of last Mon (shown in the BigChart widget on the right). The Dow Jones REIT Index, also strong rose 2 to the 169s. Junk bond funds were pretty flat. The yield on the 10-year Treasury bond was down 2 basis points to 3.43% after another week for the Treasury selling more debt at auction.

Alerian MLP Index --- 2 months




Dow Jones REIT Index --- 2 months





Oil was up a little in the PM & held above the important 75 floor. Gold is back to its record high levels.

CLZ09.NYM

..Crude Oil Dec 09

..76.32

.. 0.62 ......(0.8%)

GCX09.CMX

..Gold Nov 09

..1,115.00

.. 9.00 ......(0.8%)

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Dollar General (DG), a discount retailer, was brought out today by KKR. Shares were sold at the low end of the range in a $716M IPO. KKR & other owners sold 34.1 M shares at $21 (after asking as much as $23). This is after 3 IPO deals were pulled in the last 2 weeks & more than half of the IPOs since Sep fell below the offering price. DG was up 1.73 today, not bad in an uneven IPO market.

Dollar General --- 1 day





In a sideways week ends, Dow ending rising getting within a breath of last week's yearly high 10,291. Stocks will probably rally next week while gold is charging upward.

Dow Jones Industrals --- 2 months








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