Sam Collins, InvestorPlace Chief Technical Analyst
The Dow industrials ended last week with consecutive triple-digit gains that pushed the index over 13,000 for the first time since May. This was the fifth triple-digit move in six sessions, and was the result of European Central Bank (ECB) Chairman Mario Draghi’s announcement that the ECB would do “whatever it takes” to keep interest rates low. The ECB meets on Thursday, and many expect that it will put some meat on the bones of Draghi’s aggressive comment.
At Friday’s close, the Dow Jones Industrial Average had gained 188 points at 13,076, the S&P 500 rose 26 points to 1,386, and the Nasdaq jumped 65 points to 2,958. The NYSE traded 912 million shares and the Nasdaq crossed 536 million. On the Big Board, advancers beat decliners by over 5-to-1, and on the Nasdaq, advancers were ahead by 3.4-to-1. For the week, the Dow gained 2%, the S&P 500 was up 1.7%, and the Nasdaq rose 1.1%.
One of the biggest mistakes that beginner investors have made when purchasing their first property is that they failed to make sure the land around your property had potential for increase in value. Property value is like fire. If one home loses value, it’s more than likely that the others around it will lose value too, for whatever reason. Conversely, if homes are gaining value, the ones around them should quickly follow suit. Looking at the historical numbers of an entire neighborhood can be a helpful move in deciding if an investment is right for you.
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