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Wall Street Week Ahead: Correction talk gets old as rally sails along

With the broad S&P 500 Index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get old.Concerns about a technical correction have been a hot topic for weeks, especially as the rally accelerated in May - the S&P 500 is up 4.4 percent so far this month and up nearly 17 percent for the year. But as the three major U.S. stock indexes inch higher and higher to set record after record, many analysts are shrugging off the pullback worries."There isn't a technical level that we have in mind at this point when making decisions. The momentum is really strong, and riding along that momentum is what we should have in mind at this point," said Cam Albright, director of asset allocation at Wilmington Trust Investment Advisors in Wilmington, Delaware.The S&P 500, which rose above the 1,600 level only about two weeks ago, is now less than 40 points away from 1,700.As the market continues its...

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  8. Where's My Refund?

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  9. Americans Pinched by Payroll Tax, so What Gets Cut?

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  10. Controversy Surrounding Obama's Pick for Next Labor Secretary

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  11. JPM Execs Testify on Capitol Hill

    Former FDIC Head Sheila Bair on the latest controversy surrounding the big bank.

  12. J.P. Morgan Executives Try to Explain How 'Whale' Lost $6 Billion

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  1. Obama Appoints New IRS Head

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    High-frequency trading firms increased their campaign contributions to federal lawmakers by 673 percent from the 2008 to the 2012 election cycle, according to a repo...

  3. What if the Mortgage Deduction is Eliminated?

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  4. Pushed at an Open House

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    The Securities and Exchange Commission voted unanimously Wednesday to give overseas financial firms more leeway in adhering to their home countries' rules governing ...

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