Global Stocks Rise Day After Dow Jones Closed at All-Time High

Highest in more than four and a half years

Global stocks rose to the highest in more than 4 1/2 years, a day after the Dow Jones Industrial Average jumped to a record, as a private report showed faster- than-forecast growth in U.S. jobs. Spain's 10-year bonds advanced for a sixth day.

The MSCI All-Country World Index (MXWD) increased for a third day, rising 0.5 percent at 9:31 a.m. in New York, above the highest close since June 2008. The Stoxx Europe 600 Index climbed 0.2 percent and the Standard & Poor's 500 Index gained 0.3 percent. Spanish 10-yearborrowing costs dropped five basis points to 4.99 percent. The Swiss franc slid versus all of its 16 major peers. Venezuelan bonds fell after President Hugo Chavez died.

Comments

[Number 2]

HOW CAN THIS BE?? Don't investors realize that the Sequester is going to destroy the economy, push us back into recession, cause the immediate deaths of women, children and elderly, foster crime and lawlessness in the streets, and bring Osama Bin Laden back to life???

LOL. The same mainstream media outlets that are still breathlessly repeating Obama's fear mongering also say that yesterday's Dow record reflected "optimism over the the economy," apparently seeing no contradiction between the two.