S&P 500 Index Hits New High

S&P 500 index hits a new record high on Thursday reaching $1,596 on Thursday. This follows the recent announcement that the Bank of Japan is planning a huge increase in monetary easing to tackle deflation. The significant monetary easing by the World’s major central banks continues to filter into the system as can be seen by the rise in equities in 2013. The stock market appears oblivious to the Eurozone banking crisis and the frightening developments in Cyprus.  Market confidence appears to be picking up despite the ongoing recession and prospect of rising inflation as the impact of this monetary experiment unfolds.