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Wall Street can cheer going into Thanksgiving Day
[Reuters] - Wall Street set another record this week, and the rally that has taken the S&P 500 index nearly 30 percent higher for the year shows no sign of losing steam as Americans prepare to celebrate the Thanksgiving holiday. Trading volume is likely to be light as U.S. stock markets will be closed on Thursday for Thanksgiving and open a half-day on Friday. The Dow closed above 16,000 and the S&P 500 above 1,800 for the first time this week, but rather than being anxious about a pullback or a correction, investors are afraid to miss the expected Christmas rally. The CBOE Volatility index VIX (^VIX), Wall Street's so-called fear gauge, is around 12, a calm zone considering that Wall Street has recorded seven consecutive weeks of gains.
http://us.rd.yahoo.com/finance/news...treet-cheer-going-thanksgiving-112219968.html
[Reuters] - Wall Street set another record this week, and the rally that has taken the S&P 500 index nearly 30 percent higher for the year shows no sign of losing steam as Americans prepare to celebrate the Thanksgiving holiday. Trading volume is likely to be light as U.S. stock markets will be closed on Thursday for Thanksgiving and open a half-day on Friday. The Dow closed above 16,000 and the S&P 500 above 1,800 for the first time this week, but rather than being anxious about a pullback or a correction, investors are afraid to miss the expected Christmas rally. The CBOE Volatility index VIX (^VIX), Wall Street's so-called fear gauge, is around 12, a calm zone considering that Wall Street has recorded seven consecutive weeks of gains.
http://us.rd.yahoo.com/finance/news...treet-cheer-going-thanksgiving-112219968.html
