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Markets Are Drifting Higher Again

Oct 18, 2013, 13:47 IST

REUTERS/Henry RomeroHot air balloons float during a festival as part of the spring equinox at the Sun pyramid of Teotihuacan outside Mexico City, Mexico March 21, 2007.

The US stock market is just incredibly bulletproof.

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First, all through the debt ceiling standoff the market barely dropped.

Then there was no "sell the news" event after a deal was reached, as the S&P 500 hit a brand new all-time high yesterday.

And now the stock market is drifting higher again.

Granted it's pretty modest. But still, the rush of demand for US equities is something to behold.

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The rest of the world's markets, from Japan to China to Europe aren't really doing much at all.

Gold, which surged yesterday, is basically flat so far.

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