Growth On The Stock Market Seen, The Best Since 1997

Online, November 4, 2013 (Newswire.com) - Standard & Poor's 500 Index will lift up with speed by the end of 2013 after seeing an annual increase in 16 years; that is if the past will be of any guide. This is reported because of the broadest equity rally seen on record.

In a data compiled by Bloomberg and S&P, shares have clambered up 82% of the time in the last two months since 1928 when the benchmark gauge grew to at least 10% through October. The 6% mean for November and December would raise the index to 1,862.79. This is a 20% all-time high above the 1,565.65 record set in 2007.

Rather than selling shares during rallies in order to lock in shares, many investors almost always make additions in the last quarter, with the conviction that an expansion will occur to gains that were built over the first 10 months. The returns of S&P 500 Index have been positive come November and December each and every year since the start of the bull market in 2009. While the growth in earnings is slowing down and the Federal Reserve is planning to cut back on their stimulus program, BNY Mellon Wealth Management investment strategy director, Jeff Mortimer, said that it's usually not worth it when you fight the stocks trend.

"You have to pay attention to momentum in markets and that's what this calendar year is showing," said Mr. Mortimer in a phone interview, whose firm has client assets of about $180 billion.

With the S&P 500 Index increasing at 0.1% to 1,761.64, the US stocks climbed up for a fourth week. Revenues generated at companies from General Motors Co. to Pfizer Inc. beat analyst estimations. The central bank said that more evidence of economic growth is needed before they reduce their stimulus program.

A gain of 23% was seen in the benchmark gauge for many American equities from January to October as many companies like Netflix Inc. and Boston Scientific Corp. advanced. A compiled data from Bloomberg show that 80% were traded above and 447 stocks in the index are up this 2013. This is the most seen since 1990 at least. This is in comparison of 58% over the past 20 years.

It was in 1997 when bigger returns for the first 10 months were last recorded in the S&P 500 Index. This was when the index quadrupled amid a bull market. In November and December of the same year, the benchmark gauge advanced to 6.1%, pushing the rally to 31%.

In an October 29 interview, Omar Aguilar, a Charles Schwab Investment Management chief investment officer based in San Francisco, said, "People that are not in the market feel they're missing out and therefore want to join everybody else." As of September 30, Charles Schwab Investment Management had an asset of $229 billion under management.

For the last two months of 2013, the index climbed up 68% of the time. December has the second-best returns of any other month, with the S&P 500 moving up an average of 1.5% since 1928, according to a compiled data by Bloomberg.

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