The FTSE 100 is up marginally to hit 5,800, like the S&P 500, the highest since September 2008 when Lehman Brothers filed for Chapter 11 bankruptcy.
Contrarian Investor UK invests mainly in UK FTSE and AIM listed shares. Like famous contrarians, Warren Buffett and Anthony Bolton, he likes to take a different view to the crowd of investors. He prefers the short term, possibly speculative trade, to the long term hold and takes the view that it's about "buy and research" not "buy and hold"! This blog tracks Contrarian Investor UK's thoughts on the stockmarket and his portfolio's trades. Move against the herd with the Contrarian Investor UK!
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Thursday, April 15, 2010
S&P breaks through key technical barrier
It was a fifth day of gains on Wall Street last night with strong results from Intel (INTC) and JP Morgan (JPM) driving the Dow Industrials to 11,123, up 103 points, the highest rise since March 5th. The S&P 500 broke through the key 1200 barrier, its highest since September 2008, to finish 13 points higher at 1,211.
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