Rauch: Investing

Investing: Greatest Bull of All Time

by George Rauch

On April 20 and April 25, all three Dow averages (Industrials, Transportation and Utilities) closed at simultaneous historic highs. This has happened only a few times in the last 100 years. Additional record highs continued to occur through early June, and during that time, the Standard and Poor's Index of 500 Stocks also established new highs. The S&P 500, confirming the Dow record highs, is an important indication of what is happening to the other 470 companies that are not included in the Dow Jones Industrials. Since early June, the market has had a backing off in price from those highs as the market settles back and takes a breather.