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MidCap400 Sets An All Time High

Posted by: Howard Silverblatt on January 14, 2011

The MidCap400 set an all time high today, closing at 931.07, surpassing the previous high close of 926.23, set on July 13, 2007.
The S&P SmallCap600 is 3.16% off its all time high (426.04 now, 439.92 on 4/1/2007)
The S&P 500 is up 91.16% from its 3/9/2009 low, but still off 17.37% from its 10/9/2007 high

I would expect MidCap investors to buy tonight, with SmallCap investors leaving the tip
MidCap400 sets an all time high.doc

PS - 2011 S&P 500 sales growth estimate at 9.1% (7.6% ex-Financials) appears low, especially when compared to the 13.5% Operating projection
The next two weeks will bring over half the index reporting Q4, along with their 2011 projections - we’ll see where it goes

Reader Comments


January 15, 2011 3:17 PM

MidCap400 is not the only one making nice gains,Dow Jones Industrial finished at two year high! Maybe is time to sell gold and buy DJI leveraged ETFs!

David Jay

January 22, 2011 12:19 PM

Most of the indices now have made amazing gains - like the previous commentator stated, not just the MidCap400. The S&P 500 has reached the highest level since August 2008. If you've been following the VIX you can see it has reached incredibly low levels - into the 15 point mark! This usually doesn't bode well, since long periods of low volatility usually mean it will mean revert upwards - basically a correction in the making. What will be the magnitude and when will it happen? I certainly don't know, any idea?

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Bloomberg Businessweek’s Ben Steverman focuses on the latest moves in financial markets and emerging trends in stocks, bonds, and funds, always with an eye toward giving readers a better understanding of the sometimes confusing and often chaotic world of money. Standard & Poor’s senior index analyst Howard Silverblatt will also provide his take on companies’ finances and the markets. Voted one of the “Top 100 Finance Blogs” in 2007.

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