Stock Euphoria Persists

Monday, stocks fell slightly in Asia, gained 0.4% in Europe, and closed unchanged in the U.S. on 10B shares traded. The VIX rose 9% to end at 16.10. The Dow Jones Industrial Average and NYSE registered record closing highs.

Tuesday, stocks declined slightly in Asia, advanced slightly in Europe, and closed little changed in the U.S. on 9B shares traded. The Dow Jones Industrial Average and NYSE notched record closing highs.

Wednesday, stocks gained 0.3% in Asia and Europe but lost 0.3% in the U.S. on 10B shares traded. The VIX rose 11% to close at 17.11. Precious metals fell 1% while their miners lost twice that amount. The S&P 500 ended below 5600. Here’s an article that draws parallels between today’s economy and that of the Great Depression.

Thursday, stocks in Asia, in Europe, and in the U.S. on 11B shares traded. The VIX fell 9% to close at 15.65. Precious metals and their miners rose 1%. The Dow Jones Industrial Average and NYSE registered record closing highs.

Friday, stocks in Asia, in Europe, and in the U.S. on 12B shares traded. Precious metals and their miners fell 1%. The Dow Jones Industrial Average and NYSE logged record closing highs. S&P 500 closed above 5600. IBM closed above 200. Finally, the Federal Reserve balance sheet declined 17B to 7.12T.

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