Robert Hum is the Markets Producer at CNBC.
Since the beginning of the year, buying the losers and selling the winners seems to have paid off.
Utility, material and industrial companies led the gains in the Standard & Poor's 500 Wednesday, after the Federal Reserve announced it will keep interest rates near zero in the long-term.
Financial stocks in the first S&P 500 sector turned positive Thursday, as Bank of America crossed the $6 mark.
Global stocks are rallying strongly today as Eurozone finance ministers meet today and ahead of the EU leaders’ meeting on Sunday. All that will likely come to a head by Wednesday, when a second summit among EU leaders is expected to result in a “definitive agreement” on the EFSF.
Since October 6, the Dow has consistently alternated between gains and losses. That’s a rare feat, happening only a few times in history.
Investors are celebrating the second strongest bull run since World War II.
Demand for small-cap stocks is increasing relative to established large-cap names.
With stocks up, short interest reached the highest level in 20 months, but some investors see the trend as a bullish sign.
Since the S&P 500 closed at a 3½-month low of 1,741.89 on Feb. 3, 2014, the index is now up 6 percent.