SOARING STOCKS

Last Friday the S&P 500 rose for the ninth day in a row, the first time this has occurred since late 2004, over 20 years ago. During this same period, the S&P 500 has risen exactly eight times in a row seven times and has risen seven times in a row 15 times. Over the last century the average gain during these rare nine-day rallies was 4%, this time 10%.