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The final tally on the 2013 gain is 29.7%. On December 31, it climbed 7.3 points to 1848.35.
The SP 500 has closed at or very near the highs of the year several times in the last few decades.
Once was 1991, the following year the index gained 4.2% and went on to gain 270% before the bull market ended in 2000. However, in 1999 the index also closed out the millennium at the highs as the tech boom busted. The index continued 5.4% higher before the bust hit. The most recent example was 2010, which was followed by a flat year for stocks in 2011.
So in the past three years of closing at the annual highs you have another gain, a big bust and a flat year — something for everything.
The SP 500, Nikkei and DAX all touched annual highs in their final days of trading, optimism abounds.
sp 500 closes 2013 at a record high
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