The Justa and Lars Honors Bob Brinker Investment Club Thread Message Board

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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread

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Jan 30 4:00 PM EST

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To: Investor2 who wrote (7013)	3/30/2012 6:49:57 PM
From: Investor2	2 Recommendations of 10065

U.S. stocks notch best first quarter since 1998In first quarter, Dow gains 8.1%, Nasdaq Composite up nearly 19% NEW YORK (MarketWatch) — U.S. stocks on Friday snared their biggest first-quarter gain in more than a decade, after a better-than-anticipated rise in consumer confidence and spending boosted views of the economy. The S&P 500’s 12% rise in the first quarter would represent “a stunning year, and is even more so as a quarter,” said Marc Pado, U.S. market strategist at DowBull.com. “But I do think it’s a comeback from an underexposed level for institutions; they were so scared they were hiding in defensive issues, and are now looking for opportunities to make money and not just hide. That shift alone has also helped move markets higher,” he said. Up 8.1% for the quarter, the Dow Jones Industrial Average DJIA +0.50% rose 66.22 points on Friday, or 0.5%, to 13,212, sealing its best first-quarter point gain in its history. marketwatch.com

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