
The 1000 point rally. To finish off yet another week of gains, the S&P 500 closed at 1666. Why does that number mean so much? Just over 4 years ago the S&P was 666 - a cool 1000 S&P points in 4 years and 3 months; remarkable really. These last 100 points have come almost at a breakneck pace; in about 4 weeks. While Wednesday and Thursday brought us a bevy of poor economic news (which the market mostly brushed aside), Friday there were some good data points. And when you cannot get the market to go down on bad news, you can see what happens when there is good news. The S&P 500 gained 1.03% and the NASDAQ 0.97%; much of this came in the last hour or so as the market has been rallying almost every session after 3 PM. It is now up 17 of the past 21 sessions and 10 of the past 12.




