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Stock indexes rallying to new highs have put investors on alert for a correction. Now they have something else to worry about: Too many individual stocks touching highs.The S&P 500 Index (SPX) rose 2.1% last week to close at a record of 1,667.47 Friday, its 16th record close this year. Similarly, the Dow Jones Industrial Average (DJI) rose 1.6% on the week to 15,354.40, its 21st record of the year. The major benchmarks, including the Nasdaq Composite (RIXF), have made a nearly unchecked 16%-17% gain for the year.It's not just the indexes that are stretching for the stratosphere.Also in the past week, more than half the stocks on the S&P 500 touched new 52-week highs, with 141 of those occurring on Friday alone, according to an analysis of FactSet data. Another 128 companies reached new 52-week highs earlier in the week."The number of people I've heard justifying the valuation has been mind boggling," said Andrew Wilkinson, chief economic strategist at Miller Tabak & Co. "The complacenc...
The IMF said on Friday that risks for Cyprus were "unusually high" given its weak banking sector and economy and the island's full adoption of an economic austerity ...
In less than two months a dizzying array of global central banks have lowered interest rates. The European Central Bank, the Reserve Bank of Australia, the Reserve B...
Turkish government bonds were upgraded one notch to Baa3 by Moody's Investors Service Thursday. That puts the nation back into the rating agency's investment-grade r...
Housing, particularly new home construction, will be the driver for new jobs to boost economic recovery, mortgage-finance company Freddie Mac (FMCC) said in its late...
More people will likely fly this summer compared with a year ago as U.S. airlines gain a record level of international passengers, an industry association said on Th...
Housing, particularly new home construction, will be the driver for new jobs to boost economic recovery, mortgage-finance company Freddie Mac (FMCC) said in its late...
The latest batch of economic indicators released on Thursday is likely to bolster concerns that the U.S. economy is in jeopardy of succumbing to yet another spring s...
Disappointing U.S. jobs, manufacturing and housing data hit European stock markets on Thursday, as investors worried the world's largest economy isn't recovering at ...
European stock markets mostly moved lower on Thursday, as investors stopped for a breather after major indexes reached multiyear highs the prior day, largely ignorin...
Russian economic growth should rise to around 3% in the second half of 2013, after just 1.1% annual growth in the first quarter, the country's economy minister, Andr...
Japan's economy grew faster than expected in January-March, expanding at its quickest pace in a year on the back of solid private consumption and a rise in exports s...
Japan's economy expanded at a faster-than-expected rate in the first quarter of 2013, driven by higher household consumption and exports, showed government data rele...
In theory, it should not be good news for a high-flying emerging markets ETF when the market tracked by the fund reports first-quarter GDP growth that was 2.2 percen...
Last Friday, the Global X FTSE Greece 20 ETF (NYSE:GREK) surged over five percent on volume that was nearly six times the daily average. Much of that move can be att...
Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades.Prime Min...
With the world's biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and pre...
Six months after President Barack Obama visited Myanmar, that country's president, Thein Sein, will visit the White House.Sein's visit to Washington, D.C. marks the ...
An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain's finance ministry sa...
An independent Scotland would have an exceptionally large banking sector, compared with the size of the rest of its economy, making it vulnerable to financial shocks...
