October is Best Month for Stocks in Decade

October is Best Month for Stocks in Decade

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Wall Street photo via MorguefileEver since the beginning of October when it looked like the U.S. might plunge back into  recession and Greece might take down the Euro Zone, a steady drizzle of encouraging news urged investors to buy, and buy again. Dow stocks soared almost 10% in October, with the S&P 500 and Nasdaq surging even further.

The nearly uninterrupted four-week rally led the Dow to its best monthly performance since October 2002, while the S&P 500 climbed to their highest point in 20 years.

With the October books closed, investors can appreciate that since Obama’s term commenced in March 2009, the Dow Jones average has soared 83 percent, from its low point following the financial meltdown.

(READ the story in US News.com)