Update on Sequestration. On the 3rd Business Day of Sequestration the Dow Jones Industrial Average closed at an ALL TIME RECORD HIGH besting a level last seen in October of 2007.
The Dow climbed more than 125 points to close at a record high of 14,253.77, topping the prior record set in October 2007. Earlier, the blue chip index climbed to an intraday record of 14,286.37. The S&P 500 added 15 points and finished at its highest level since October 2007 and is now only about 2% away from its record closing high. "We're back to the highest levels in history, but we've got more things going for the economy and the market than we did last time," said Art Hogan, managing director at Lazard Capital. Read the rest of the story here.
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Dividend stocks
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