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Stocks Are on a Three-Week Winning Streak, Two Major Indexes Post Five-Year Highs

Jan. 18, 2013 4:21pm Becket Adams

Stocks closed Friday with their third straight week of gains and two major indexes posted five-year highs.

“The Dow gained 53.68 points to end at 13,649.70,” the AP notes. “The Standard & Poor’s 500 index rose 5.04 points to 1,485.98, while the Nasdaq composite fell 1.30 points to 3,134.70.”

“This earnings season is off to a good start so far. Of the 67 companies in the S&P 500 that have reported, 43 have trumped analysts’ estimates,” the report adds.

These earnings reports undoubtedly helped push stocks higher on Friday:

Most Active:

Most Active

01/18/13 16:07:14

Company	Ticker	Last	Change	Pct Change
BANK OF AMERICA CORPORATION	BAC	11.16	0.12	1.06%
SPDR S&P 500 ETF	SPY	148.40	0.40	0.27%
INTEL CP	INTC	21.21	1.47	6.48%
ATTITUDE DRINKS NEW	ATTD	0.00	0.00	0.00%
GENERAL ELECTRIC CO	GE	22.15	0.85	3.99%
CITIGROUP WTS 1/4/2019	C.WSA	0.47	0.01	2.22%
RESEARCH IN MOTION LTD	RIMM	15.85	0.94	6.27%
WORLD MOTO INC	FARE	0.03	0.02	35.14%
MORGAN STANLEY	MS	22.45	1.69	8.17%
NOKIA CORP	NOK	4.43	0.11	2.32%

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Featured image courtesy kitup.military.com.

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Comments (24)

NoUseForLogic
Posted on January 19, 2013 at 12:28pm
The value of the stock market has doubled since Obama took office. Corporate profits are at a record high. Obama is not destroying the economy, it was already destroyed. Mitt Romney was never going to win. The 2nd amendment is actually creating the National Guard and REQUIRES guns to be regulated. On, and on, and on… clueless stubborn confirmation biased wingnuts.

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- Cymry
  Posted on January 19, 2013 at 2:26pm
  i can’t argue with the name you’ve chosen to represent yourself in this comments section.
  
  the short answer is that you’ve not only drunk the kool-aid but have become addicted to it.
  
  when you are confronted with the economic collapse that will happen in late 2015, I hope that you have a remnant of common sense that allows you to see the lies you’ve been believing…….but I’m not putting any money on the chance you will.
  
  Report this comment
scudster
Posted on January 19, 2013 at 11:05am
Just a temporary rise caused by QE3, (smoke and mirrors)

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- honeydijon13
  Posted on January 19, 2013 at 11:37am
  No. the markets are thrilled THRILLED,
  the Romney’s won’t be in the white house.
  No, Ann, it’s NOT your time.
  
  Report this comment
- Mil-Dot
  Posted on January 19, 2013 at 11:54am
  What a crock this article is. I guess we are all supposed to now rush into the criminal stock market now huh? The reason stocks are up is because of all the monopoly money that has been printed driving down the value of the dollar. It now takes more dollars to buy any given stock because they are worth less. That is why stock prices are up. Only a fool would buy into this lie. No thanks.
  
  Report this comment
- hatchetjob
  Posted on January 19, 2013 at 12:56pm
  I agree, MIL-DOT. They’re just hoping more shmucks will get into buying.
  
  Report this comment
steve-in-pa
Posted on January 19, 2013 at 9:02am
We have also printed a lot of fake money in the last few weeks too, we hit the debt limit on the first and printed 200 billion out of thin air. They used that up and now are taking money from Government pensions to stay above water. Prices have risen and/or the amount of product have decreased, coffee and ice cream for example. Just look at your bills, things cost more and this produces more money coming in. But no one brings this up, the MSM tries to say the economy is getting better and there is no inflation… yeah right. And like normal this hurts Americans who don’t have extra money to invest in the market to keep up with higher prices, they just slip a little further behind, day after day after day.

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whywonder
Posted on January 19, 2013 at 8:26am
The monk is using projection and denial to soothe a fragile ego. Sorry about the good economic news, I know it hurts you when america wins.

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ARMED AND READY
Posted on January 19, 2013 at 6:51am
More bad news http://finance.yahoo.com/blogs/the-exchange/treasury-already-minted-two-trillion-dollar-coins-005206800.html

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crusaderx9
Posted on January 19, 2013 at 12:45am
The obama government is living off the Credit Card financial plan and going deeper into debt by BILLIONS OF DOLLARS EVERY DAY. obamacare once fully implemented will add to our economic struggles as more people stay in their government hammocks and less people row the boat.

Once the rising debt hits the threshold where we can’t afford the interest on our debt, the economic ruin of our society will give way to absolute loss of power and influence on the world stage – a dangerous turn for the US and the world.

QE4ever is boosting the market and will devalue our currency as the world will be forced into the nuclear option of abandoning the dollar once an alternative currency is deemed stable enough to switch to.

We’ve hit the financial iceberg and the foolish liberal crowd is on the Lido deck partying as we are taking on water. Alarms are ignored as liberals drown out the sound of prudent warnings. Instead the liberals inform all low-information passengers that if the crew takes action now – then the party will have to stop – and a majority of the passengers don’t want the party to stop…

Some of us are preparing our life jackets, and life boats if you can find one. One thing for sure, America is going to get wet…

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- No Grass
  Posted on January 19, 2013 at 11:01am
  @crusader Excellent analogy of the shipwreck and iceberg. Are we moving the deck chairs on the Titanic? Or are we rolling over, and losing a few precious confused awaiting instructions from missing leaders, like the Costa Concordia?
  
  Report this comment
Muckdog
Posted on January 18, 2013 at 9:08pm
The stock market has been in a secular bear market since 2000 defined by a trading range in the SP500 of 666 to 1535. We’re getting near the top again, and my best guess is will turn back down sometime in the Spring.

I think the restoration of the full payroll tax, Obamas tax hikes, and the increasing costs of health care will be the catalyst or get the blame in the history books.

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- Advection
  Posted on January 18, 2013 at 9:18pm
  Historians won’t recognize the real culprit for generations, but you’re correct.
  
  Report this comment
- Super_Slinky
  Posted on January 18, 2013 at 11:09pm
  The stock market will most likely continue its upward trend as long as the Fed continues devaluing the dollar via QE3.
  
  Report this comment
Canada_Goose
Posted on January 18, 2013 at 8:41pm
It’s a sad day at the Fox Business Channel.

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- HoratiusAtTheBridge
  Posted on January 19, 2013 at 12:44am
  No – it’s a sad day to encounter a waste of potential such as you. Just keep running your cowardly, ignorant poutine-hole; the system will fall soon enough – natural selection will deal with the F-TARDS like you.
  
  Report this comment
The-Monk
Posted on January 18, 2013 at 7:40pm
“Stocks closed Friday with their third straight week of gains and two major indexes posted five-year highs.”

What a load of cr@p. If anyone has ever talked (privately) to these people on the stock market floor one would know they make money no matter what the market is doing. With short selling, put and calls, and the after hour sh/t they pull they never lose.

And in case some people here don’t know how many companies make up the “big one”, the Dow Jones Industrial Average; it’s only 30 companies. And when a company is doing bad they are replaced with another company. After all…. Microsoft was, at one time, not even a company. How did they get into the DJI when it allows only 30 companies? Someone was booted out so they could enter.

All of this is rigged and has nothing to do with how the economy is actually doing.

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- Advection
  Posted on January 18, 2013 at 7:48pm
  It’s 100% fake. Total utter BS.
  
  Report this comment
- YOURSENSEI
  Posted on January 18, 2013 at 7:54pm
  This is what you must know:
  
  Your ignorance is showing.
  
  It is so.
  
  Report this comment
- The-Monk
  Posted on January 18, 2013 at 8:14pm
  Hey Wang….
  
  Don’t you know better than to mess with me yet?
  
  You trolls sure are thick headed and stupid. Think about it… and leave me alone.
  
  Report this comment
- Fubared
  Posted on January 18, 2013 at 8:59pm
  WangDang
  The hero of Fallujah 2 reduced to sensei poo. Wow. PTSD much? As you have remarkable insight and intelligence on par with well, Gore maybe, explain this to me WangDang:
  http://www.zerohedge.com/news/2013-01-18/doug-casey-we-are-living-middle-biggest-bubble-history
  
  Report this comment
- YOURSENSEI
  Posted on January 19, 2013 at 12:06am
  Mr or Ms THE MONK,
  
  This is what you must know:
  
  I was talking to Mr or Ms ADVECTION.
  
  It is so.
  
  Report this comment
- The-Monk
  Posted on January 19, 2013 at 4:57am
  Hey Wang,
  
  Here’s your post…. you can look it up if you wish. http://www.theblaze.com/users/yoursensei/
  
  Stocks Are on a Three-Week Winning Streak, Two Major Indexes Post Five-Year Highs
  January 18, 2013 at 7:54pm
  In reply to The-Monk.
  This is what you must know:
  Your ignorance is showing.
  It is so.
  
  I only see my moniker there. This you must know and it is so. Now, back to the point….
  
  Don’t you know better than to mess with me yet?
  You trolls sure are thick headed and stupid. Think about it… and leave me alone.
  
  Report this comment
- Fubared
  Posted on January 19, 2013 at 9:04am
  Wow, the hero of Fallujah 2 cowering from a Monk.
  
  Report this comment

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