Rally likely to extend into the week

PROMISES of more monetary stimulus from Janet Yellen helped the stock rally gain momentum last week, and that will likely carry the market to new heights this week.

With all three major indices on the brink of major milestones and showing their best gains in decades, many investors are re-thinking their aversion to stocks.

Ms Yellen eliminated a major risk when she all but promised to keep the Federal Reserve's bond buying at current levels until the economic recovery strengthened.

That surprised traders, some of whom had placed bets that Fed chairman Ben Bernanke would begin rolling back the stimulus next month. If that were not enough for the stock bulls, Ms Yellen dismissed the notion that the...

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