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Published: Tuesday 13 August, 2013

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stocks rose today, with the Standard Poor 500 Index rebounding from a weekly loss, after data showed consumer confidence climbed to the highest level since 2008 and home values jumped the most in seven years.



The bottom line is there been a lot of chatter about how the market going to respond when the Fed tapers, but home prices are rising, jobless claims are coming down women bags for sale , and the stock market keeps going up, James Paulsen, the Minneapolisbased chief investment strategist at Wells Capital Management, which oversees $325 billion, said by telephone. are feeling better. They noticing this recovery broadening out and firing on more cylinders on a regular basis. They know they under allocated to risk assets. S 500 rebounded from its first weekly decline since April 19. The gauge retreated 1.1 percent last week as Federal Reserve Chairman Ben S. Bernanke said the central bank could reduce monetary stimulus if economic conditions continue to improve. The prospect of slower Fed bondbuying offset data showing existing home sales climbed and and jobless claims topped estimates. markets were closed yesterday for a holiday.



The benchmark equity index has advanced 3.9 percent so far in May, for a seventh month of gains. That the longest winning streak since September 2009. The gauge has surged 145 percent since March 2009, driven by betterthanestimated corporate earnings and three rounds of bond purchases women bags for sale from the Fed.



The Dow has women bags for sale rallied for 20 straight Tuesdays through today, the longest streak since at least 1900, according to data by Schaeffer Investment Research. The winning streak is the secondlongest for any day of the week, following the Dow gain for 24 straight Wednesdays in 1968, data by Schaeffer Senior Technical Analyst Ryan Detrick show.



still clearly believe that we have the Bernanke put well in place on the marketplace, Michael Mullaney, chief investment officer at Fiduciary Trust Co. in Boston, said by phone today. His firm manages about $9.5 billion. what driving everything right now. From a fundamental standpoint, from a macroeconomic standpoint, you can justify these levels right now. The marketplace is ahead of itself from what we can tell. stocks maintained gains after a Conference Board report showed consumer confidence climbed in May to the highest level in more than five years. The index rose to 76.2, the strongest since February 2008 and exceeding the highest estimate in a Bloomberg survey of economists.



Separate data showed that house prices rose in the 12 months through March by the most in seven years as the recovery residential real estate gained momentum. The S index of property values increased 10.9 percent from March 2012, the biggest 12month gain since April 2006, after advancing 9.4 percent in February.



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