“The Dow shattered the record high it set in October 2007 Tuesday in the latest sign Wall Street is putting the worst financial crisis since the Great Depression behind it.
The Dow Jones Industrial Average climbed 126 points, or 0.89%, to 14254, the S&P 500 gained 14.6 points, or 0.96%, to 1540 and the Nasdaq Composite rose 42.1 points, or 1.3%, to 3224.
The Dow managed to knock out its record closing and intraday high in ten minutes of trading Tuesday, climbing above the 14198.10 level for the first time ever… In March 2009, during the depths of the worst financial crisis since the Great Depression, it plunged as low as 6547.05.
The broader, and more closely watched, S&P is still about 2% away from its record high of 1565.15. Bianco expects that market barometer to climb up to record levels in April or May.