Stocks rally as Europe unveils crisis plans

TOKYO (AP) — Asian shares rose Wednesday as Japan's benchmark surged to its highest level since Sept. 2008 though wariness over corporate earnings pulled European indexes lower in early trading.

“I hate seeing myself misquoted, misinterpreted or just misunderstood,” says our friend Fusion IQ chief and Big Picture blogger Barry Ritholtz. We can relate, given the reaction we get when we start talking about Treasuries, why we hate them and why we own them anyway.

(NEW YORK) — Materials and energy companies led the stock market higher Tuesday, sending the Dow Jones industrial average to its second all-time high in a week. The Dow closed at 14,673.46, a gain of 59.98 points, or 0.4 percent. The Standard & Poor’s 500 index also rose 0.4 percent, closing less than two points below its own all-time high set April 2. The prices of metals like copper, gold and silver have rebounded this week after slumping for the first three months of the year on waning demand. Oil is also rising following a sharp decline last week.

(NEW YORK) — Materials and energy companies led the stock market higher Tuesday, sending the Dow Jones industrial average to its second all-time high in a week. The Dow closed at 14,673.46, a gain of 59.98 points, or 0.4 percent. The Standard & Poor’s 500 index also rose 0.4 percent, closing less than two points below its own all-time high set April 2. The prices of metals like copper, gold and silver have rebounded this week after slumping for the first three months of the year on waning demand. Oil is also rising following a sharp decline last week.

  The market rally of the past few months has propelled the Dow Jones Industrial Average to a new all-time high and has put the S&P 500 Index of within striking distance of its previous all-time high reached in October 2007.   In a note this week, Credit Suisse’s Private Bank Investment Committee said that ”plentiful liquidity, attractive valuations and low inflation” are helping fuel the current rally and “make equities among our best options in an asset allocation context.”