Monday, March 11, 2013

Dow edges higher to a new record

Dow rose 28, decliners barely ahead of advancers & NAZ was flattish.  MLPs, REITs & other high yield sectors did little.  Treasuries & commodities were also quiet.

AMJ (Alerian MLP Index track fund)

stock chart

The new week got off to a slow start but Dow pushed into to new high territory.  The goings on in DC are not showing any results.  Quick solutions to monumental problems, & they are monumental, will take time.  Using Scotch-Tape & political considerations is a sorry way to deal with the fiscal mess.  But Dow keeps forging ahead.

Dow Jones Industrials

stock chart

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