Weekly Market Commentary – February 21, 2012
The Markets
Valentine’s Day is over, but there’s still a “whole lotta love” swirling around the stock market these days.
The Dow Jones Industrial Average closed last week at its highest level since May 2008 while the S&P 500 is knocking on the door of its highest close in almost four years, according to The Wall Street Journal. The gains were driven by optimism that Greece will get another bailout and better-than-estimated data on jobless claims, manufacturing, and housing, according to Bloomberg.
Even though the market has been rising, potential party spoilers abound.
