S. &. P. 500 Closes Above 1,500
After millions of people all but abandoned the market following the 2008 bust, individual investors are pouring money into stock mutual funds like they haven’t in years. The flood, fueled by fading economic threats and better news on housing and jobs, has helped propel the broad market to within a few good days of its highest level — ever.
The Standard & Poor’s 500-stock index has soared 120 percent since March 2009 and ended trading Friday above 1,500, just 5 percent shy of the record high of 1565.15 hit in 2007. This year alone, the main indexes are up 5 percent. Now, the investing public seems more afraid of missing out than of misreading Wall Street again.
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http://www.nytimes.com/2013/01/26/business/daily-stock-market-activity.html?emc=na
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