S&P Regains High Watermark; PurpleChips Top-25 Up 29%

For years we all thought it wouldn't happen. For years we have commiserated and worried about the depths of destruction of the financial system. Was our way of life forever changed? Maybe not, but our attitudes have been altered. Our trust was broken and all those who suffered understand the pain. Nowadays the market is still as unforgiving as ever. A market that is very different from that of 10 years ago - with automated trading quant algorithms scraping tiny slivers of profits by the millisecond and an unsteady world lurching itself into global trade like a newborn foal taking its first steps. One thing is for sure, the market is always in motion and she is hard to predict!

But, despite all of the pain and frustration and the trillions of dollars lost at the table, equities are back with a vengeance. Finally the S&P follows in the Dow's footsteps and closes at a new trading high. Maybe it will run higher. Maybe it will pause here and reflect. Or perhaps a quick pullback on the latest news out of Europe or North Korea. Either way, drink it in folks -1569.19 is the new high stop on this roller-coaster ride, no matter what happens tomorrow.

Of course, here at Purple Chips, we knew it would happen ... eventually - we saw this day a couple years ago as our own Top-25 US Purple Chips index returned to its old high at the peak of the market. That's right, you read that right, fully two years before the S&P 500. Two years of better returns and positive growth. Now we continue to power higher, extending the lead bit by bit over the S&P 500. The gap now stands at just shy of 30%. And it's growing. Again, no matter what happens tomorrow, Purple Chips will sleep well tonight.

To find out more about the Purple Chips Top-25, click here.