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MARKET SNAPSHOT: Stock Rally's Breadth Is A Sign Of Strength, Froth

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...

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    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 ...

  2. These ETFs Could be Affected by Future Rate Cuts

    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...

  3. Turkey Regains Investment Grade From Moody's

    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...

  4. Freddie Sees Housing Driving Economic Recovery

    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...

  5. U.S. airline group sees pickup in summer air passengers

    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...

  6. Freddie Mac: Housing Sector to Add Jobs, Drive Economic Recovery

    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...

  7. Another Spring Slowdown?

    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...

  8. EUROPE MARKETS: Europe Stocks Bruised By U.S. Data

    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 ...

  9. EUROPE MARKETS: Europe Stocks Retreat From Multiyear Highs

    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...

  10. Russia Economy Minister Sees GDP Growth above 3% in 2nd Half

    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...

  11. Japan's first-quarter growth beats forecasts as first stimulus effects felt

    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...

  12. Japan Jan-Mar GDP Up 0.9% On-quarter, Beats View

    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...

  1. Thailand ETF Embodies New World Order

    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...

  2. Greece ETF: An Emerging Markets Star

    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...

  3. Analysis: Little sign Abe can shake up Japan's inbound FDI

    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...

  4. Analysis: Frontier Markets booming but risks mounting

    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...

  5. Presidential Visit Puts Myanmar Investment Theme in Spotlight

    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 ...

  6. Independent Scotland open to Cyprus-style bank risks, says Britain

    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...

  7. An Independent Scotland More Vulnerable to Financial Shocks - UK Treasury

    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...

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