WEEKEND INVESTOR --- Common Sense: Is It Really Springtime For Stocks?
Corrections & Amplifications</br></br>The current yield of the Pimco Corporate Opportunity fund is 7.86%. In Saturday's Common Sense column, the yield was given as 11.63%, which is the fund's 12-month trailing yield, a figure that included a special distribution paid in December 2009.</br></br>(WSJ November 11, 2010)</br></br>The Federal Reserve and the voters have spoken: The stock market should go higher.</br></br>And so it did on Thursday. As investors digested the Fed's embrace of a $600 billion-plus quantitative-easing program and the voters' ouster of congressional Democrats, the Standard & Poor's 500-stock index jumped 23 points, or 1.9%, to 1221, its highest close in more than two years. And it may have further to climb. The Fed's move and the new balance of power in Washington have created a near-perfect alignment of the political and monetary stars for stocks -- and other investment assets.