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Zenefits CEO steps down, David Sacks steps in
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Fed: Too white, too male, too many bankers?
Yelp posts earnings early, CFO to step down
Google CEO Pichai gets $199 million bonus
Gap sees earnings that beat estimates
Apollo Education Group to be taken private
Cracking down on college financial-aid cheats


Is the gold rally the real deal or ‘fool's gold’?

This stock market
has been Europe's best in 2016

Bloomberg tells FT he’s considering presidential run

Computer virus wants to remind you to have a nice day
Justice Department data exposed in breach

Tesla downward revision is among the biggest

Yellen may say goal is not to slow the economy
Latest sign of a softening U.S. jobs market
Expansion won’t die of old age: S.F. Fed study

12th March 1954:  Lynda Sharp pours water over her sister Margot whilst sharing a bath at their home in Chorley Wood, Buckinghamshire.  (Photo by Fox Photos/Getty Images)  
23 stocks they’re throwing out with the bathwater

Chipotle wants to give you a burrito — how to get it
What did Chipotle workers do today?
Chipotle closes up shop for a few hours Monday
VOTE: If not Chipotle, where would you eat?

Chesapeake denies bankruptcy plan as shares dive
What are the 8 strongest S&P energy stocks?

20 dividend stocks that Wall Street loves the most
The 20 dividend stocks that Wall Street loves most
Dividend stocks that will give you a raise

Venezuela can’t get Saudis to cut oil production
Only place left to invest if ‘Oilmageddon’ hits
Iran sets crude oil export volumes for Europe
Mark Mobius no longer investing in Petrobras


Rubio in freefall in New Hampshire betting
Republican primary: 3 things to watch
Voter turnout in each U.S. state (24/7 Wall St.)
Americans giving up citizenship at record rate

In the U.S., socialism is no longer such a dirty word
Bill Clinton: Sanders is ‘enemy of all things big’

How Clinton can rebound after New Hampshire

Blunders may reveal real flaws in Clinton and Rubio
All those terrible things Hillary Clinton has done

Geithner gets investment aid from J.P. Morgan

These ‘Buffett stocks’ are bargains in this market

Why a selloff in European bank stocks is ominous
Bank stocks have taken enough: analyst

What you can expect in Coca-Cola’s earnings

Hasbro blows past estimates as Star Wars boosts revenue
Hasbro blows past estimates on Star Wars boost
What to look for from Disney: Star Wars, ESPN

Teen gets to keep $20,000 gold bar found in lake
Gold one of Wall Street’s best bets early in 2016
Chinese herdsman finds 17-pound gold nugget



/conga/frontpage.html 367386

Markets »

165.88MDow Volume:
Avg Vol: 129.39M
Unchanged
121
Decliners
4802
Advancers
1600
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,027 -178 1.10%
Nasdaq
/quotes/zigman/12633936/realtime 4,284 -79 1.82%
S&P 500
/quotes/zigman/3870025/realtime 1,853 -27 1.42%
GlobalDow
/quotes/zigman/629063/realtime 2,095 -8 0.39%
Gold
/quotes/zigman/33772884/delayed 1,192 -6 0.49%
Oil
/quotes/zigman/2260836/delayed 30.23 +0.54 1.82%
FTSE 100
/quotes/zigman/3173262/delayed 5,689 -159 2.71%
DAX
/quotes/zigman/2380246/delayed 8,979 -307 3.30%
CAC 40
/quotes/zigman/3173214/delayed 4,066 -134 3.20%
FTSE MIB
/quotes/zigman/1482176/delayed 16,441 -809 4.69%
IBEX 35
/quotes/zigman/2759620/delayed 8,122 -377 4.44%
Stoxx 600
/quotes/zigman/2380150/delayed 314 -12 3.54%
Asia Dow
/quotes/zigman/6959860/realtime 2,474 -41 1.62%
Nikkei 225
/quotes/zigman/5986735/delayed 16,355 -649 3.82%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,287 -330 1.34%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.06%
Yen
/quotes/zigman/16008150/realtime/sampled 115.33 -0.52 0.45%
Pound
/quotes/zigman/16008140/realtime/sampled 1.44 0.00 0.07%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.47%
DXY Index
/quotes/zigman/1652083/delayed 96.75 +0.07 0.07%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.62 -0.02 0.02%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.73 -0.02 1.18%
German 10y
/quotes/zigman/15866409/realtime 0.22 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.70 0.00 0.00%
Spain 10yr
/quotes/zigman/15866444/realtime 1.76 0.00 0.00%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.42 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 -0.02 61.14%
Crude Oil
/quotes/zigman/2260836/delayed 30 +1 1.82%
Gold
/quotes/zigman/33772884/delayed 1,192 -6 0.49%
Corn
/quotes/zigman/25518691/delayed 363 -3 0.89%
DJIA F
/quotes/zigman/48241424/delayed 15,934 -54 0.34%
S&P F
/quotes/zigman/43106711/delayed 1,846 -6 0.32%
Silver
/quotes/zigman/32655632/delayed 15 0 0.33%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.75 -4.32 -4.15%
AAPL /quotes/zigman/68270/composite 95.01 0.99 1.05%
GOOG /quotes/zigman/59527964/composite 682.74 -0.83 -0.12%
BAC /quotes/zigman/190927/composite 12.27 -0.68 -5.25%
C /quotes/zigman/5065548/composite 37.81 -2.05 -5.14%
F /quotes/zigman/264304/composite 11.59 0.14 1.22%
T /quotes/zigman/398198/composite 37.11 0.23 0.62%
BP /quotes/zigman/247026/composite 29.92 -0.54 -1.77%
GE /quotes/zigman/227468/composite 28.17 -0.37 -1.30%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

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Dow Hits 13,000, But What Next?

The last time the Dow hit 13,000, stocks quickly proceeded to take a 50% nosedive. But as the index briefly crossed that milestone today, many advisers said the market looks a whole lot safer this time around.

Getty Images

The Dow broke 13,000 several times on Tuesday, before ending the day at 12966, up 16 points. It has certainly been a long road back: While many investors have recovered the money they lost in 2008, others are still struggling to catch up. The average participant in a 401(k) plan broke even between 2007 and 2010, in investment returns alone, according to the most recent available data from Vanguard. However, the range of returns was fairly wide, from a more than 5% loss to greater than 5% gain, and about half of retirement plan participants lost money in those three years.

But it’s not just that market prices are nearly back to pre-crisis levels, say advisers — the market climate has also started to improve. “In the last few years, the market has been so much more news-driven, we’ve had short-term wild and random volatility that makes the markets much more difficult to anticipate,” says Mike McGervey, the president and founder of McGervey Wealth Management. In 2012, that volatility has dropped significantly, with daily market moves being much smaller. McGervey says his technical analysis of recent chart patterns suggests that if the Dow does break through 13,000, stocks will likely post gains in the next quarter, too.

As a result, McGervey says he has been shifting client money into stocks for the past six weeks, and will continue if stocks keep rising. Currently, as much as 80% of his clients’ stock portfolios are in equities (and 20% in cash), up considerably from 2011.

To be sure, not everyone is scooping up stocks right now. Steven Roge, the portfolio manager of R.W. Roge & Company, says corporate profit margins are at historic highs, and predicts they’ll eventually have to return to more normal levels – and bring share prices down with them. “We think returns over the next 10 years will still be fairly muted,” he says. Roge says investors should rebalance their portfolios to take some gains, and reinvest some of the proceeds in bonds.

Nevertheless, more bullish advisers point out that stocks look cheaper than they were last time they hit 13,000. In particular, some tech stocks have steadily grown earnings through the entire credit crisis, says Karl Mills, the president of Jurika, Mills & Keifer. For the quarter ending in June 2008, the S&P 500 had a price-to-earnings ratio of about 25, based on reported earnings;  it’s now just 15.6.

Many pros say stocks also seem attractively valued relative to bonds. Buying bonds at today’s low yields pretty much guarantees losing money to inflation over the next decade, says Mills. On the other hand, snapping up stocks at today’s low valuations offers a very good chance of gains over the next decade, he says, with volatility along the way. He also recommends avoiding the hedged products that try to protect against downturns that were so popular last year. “They aren’t going to deliver the kind of returns they need because they have the parking brakes on,” he says. If stocks do fall, he says investors should see it as another buying opportunity.

Comments

We welcome thoughtful comments from readers. Please comply with our guidelines. Our blogs do not require the use of your real name.

Comments (5 of 5)

View all Comments »
    • Ha, a typical broker view that it’s always a great time to buy!

    • I’m confused. I thought that profitable investing involved buying low and selling high. Last August there were stories about money managers moving their clients out of stocks at the market low, and now managers are moving their clients into stocks, during a market high.

    • “What next”, well a 60 pt drop..that’s what was next after the DOW hit 13000!

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MarketWatch - Stock Market Quotes, Business News, Financial News
Bulletin
Investor Alert

Tokyo Markets Close in:

need to know
Zenefits CEO steps down, David Sacks steps in
Baird analysts ‘axing expectations’ for MLPs
Fed: Too white, too male, too many bankers?
Yelp posts earnings early, CFO to step down
Google CEO Pichai gets $199 million bonus
Gap sees earnings that beat estimates
Apollo Education Group to be taken private
Cracking down on college financial-aid cheats


Is the gold rally the real deal or ‘fool's gold’?

This stock market
has been Europe's best in 2016

Bloomberg tells FT he’s considering presidential run

Computer virus wants to remind you to have a nice day
Justice Department data exposed in breach

Tesla downward revision is among the biggest

Yellen may say goal is not to slow the economy
Latest sign of a softening U.S. jobs market
Expansion won’t die of old age: S.F. Fed study

12th March 1954:  Lynda Sharp pours water over her sister Margot whilst sharing a bath at their home in Chorley Wood, Buckinghamshire.  (Photo by Fox Photos/Getty Images)  
23 stocks they’re throwing out with the bathwater

Chipotle wants to give you a burrito — how to get it
What did Chipotle workers do today?
Chipotle closes up shop for a few hours Monday
VOTE: If not Chipotle, where would you eat?

Chesapeake denies bankruptcy plan as shares dive
What are the 8 strongest S&P energy stocks?

20 dividend stocks that Wall Street loves the most
The 20 dividend stocks that Wall Street loves most
Dividend stocks that will give you a raise

Venezuela can’t get Saudis to cut oil production
Only place left to invest if ‘Oilmageddon’ hits
Iran sets crude oil export volumes for Europe
Mark Mobius no longer investing in Petrobras


Rubio in freefall in New Hampshire betting
Republican primary: 3 things to watch
Voter turnout in each U.S. state (24/7 Wall St.)
Americans giving up citizenship at record rate

In the U.S., socialism is no longer such a dirty word
Bill Clinton: Sanders is ‘enemy of all things big’

How Clinton can rebound after New Hampshire

Blunders may reveal real flaws in Clinton and Rubio
All those terrible things Hillary Clinton has done

Geithner gets investment aid from J.P. Morgan

These ‘Buffett stocks’ are bargains in this market

Why a selloff in European bank stocks is ominous
Bank stocks have taken enough: analyst

What you can expect in Coca-Cola’s earnings

Hasbro blows past estimates as Star Wars boosts revenue
Hasbro blows past estimates on Star Wars boost
What to look for from Disney: Star Wars, ESPN

Teen gets to keep $20,000 gold bar found in lake
Gold one of Wall Street’s best bets early in 2016
Chinese herdsman finds 17-pound gold nugget



/conga/frontpage.html 367386

Markets »

165.88MDow Volume:
Avg Vol: 129.39M
Unchanged
121
Decliners
4802
Advancers
1600
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,027 -178 1.10%
Nasdaq
/quotes/zigman/12633936/realtime 4,284 -79 1.82%
S&P 500
/quotes/zigman/3870025/realtime 1,853 -27 1.42%
GlobalDow
/quotes/zigman/629063/realtime 2,095 -8 0.39%
Gold
/quotes/zigman/33772884/delayed 1,192 -6 0.49%
Oil
/quotes/zigman/2260836/delayed 30.23 +0.54 1.82%
FTSE 100
/quotes/zigman/3173262/delayed 5,689 -159 2.71%
DAX
/quotes/zigman/2380246/delayed 8,979 -307 3.30%
CAC 40
/quotes/zigman/3173214/delayed 4,066 -134 3.20%
FTSE MIB
/quotes/zigman/1482176/delayed 16,441 -809 4.69%
IBEX 35
/quotes/zigman/2759620/delayed 8,122 -377 4.44%
Stoxx 600
/quotes/zigman/2380150/delayed 314 -12 3.54%
Asia Dow
/quotes/zigman/6959860/realtime 2,474 -41 1.62%
Nikkei 225
/quotes/zigman/5986735/delayed 16,355 -649 3.82%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,287 -330 1.34%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.12 +0.00 0.06%
Yen
/quotes/zigman/16008150/realtime/sampled 115.33 -0.52 0.45%
Pound
/quotes/zigman/16008140/realtime/sampled 1.44 0.00 0.07%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.47%
DXY Index
/quotes/zigman/1652083/delayed 96.75 +0.07 0.07%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.62 -0.02 0.02%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.73 -0.02 1.18%
German 10y
/quotes/zigman/15866409/realtime 0.22 0.00 0.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.70 0.00 0.00%
Spain 10yr
/quotes/zigman/15866444/realtime 1.76 0.00 0.00%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.42 0.00 0.00%
Japan 10yr
/quotes/zigman/15866525/realtime 0.01 -0.02 61.14%
Crude Oil
/quotes/zigman/2260836/delayed 30 +1 1.82%
Gold
/quotes/zigman/33772884/delayed 1,192 -6 0.49%
Corn
/quotes/zigman/25518691/delayed 363 -3 0.89%
DJIA F
/quotes/zigman/48241424/delayed 15,934 -54 0.34%
S&P F
/quotes/zigman/43106711/delayed 1,846 -6 0.32%
Silver
/quotes/zigman/32655632/delayed 15 0 0.33%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 99.75 -4.32 -4.15%
AAPL /quotes/zigman/68270/composite 95.01 0.99 1.05%
GOOG /quotes/zigman/59527964/composite 682.74 -0.83 -0.12%
BAC /quotes/zigman/190927/composite 12.27 -0.68 -5.25%
C /quotes/zigman/5065548/composite 37.81 -2.05 -5.14%
F /quotes/zigman/264304/composite 11.59 0.14 1.22%
T /quotes/zigman/398198/composite 37.11 0.23 0.62%
BP /quotes/zigman/247026/composite 29.92 -0.54 -1.77%
GE /quotes/zigman/227468/composite 28.17 -0.37 -1.30%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
Please log in to view your watchlist
MarketWatch Portfolio

World News from MarketWatch

Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

Top 3 from Barron's

Today's list of the most-viewed stories from Barron's. More »

  1. 1.
  2. 2.
  3. 3.

Visit Barrons.com

SPONSORED SECTIONS

Trending Tickers
  • /quotes/zigman/126832/composite CHK-33.33%
  • /quotes/zigman/9021597/composite YELP-11.27%
  • /quotes/zigman/118681/composite TSLA-8.99%
  • /quotes/zigman/245568/composite DIS-1.90%
  • /quotes/zigman/41663/composite GLD+1.34%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

MarketWatch will continue to provide the same important news and information you rely on every day. And, as a MarketWatch user, you will be able to enjoy:

  • Personalized news and quote email alerts
  • Editorial e-newsletters about personal finance, mutual funds and market-specific coverage
  • Premium newsletters by our market experts
  • Games, such as Virtual Stock Exchange and Beat the Darts
  • Free WSJ.com registration