The Rising Influence of Rising Affluence

[DewDiligence]

S&P 500 closes above 1,800 for first time ever:

http://online.wsj.com/news/articles/SB10001424052702304337404579213362199412366

The S&P 500 rose seven points, or 0.4%, to 1802, cruising toward its first close above 1800… Friday's session was quiet, with long-term tailwinds that have lifted stocks this year continuing to hold sway. An accommodative Federal Reserve, paltry returns on other assets such as bonds and steady expansion in corporate profits continue to draw investors to equities.