Stock Market Hits Record High

Bianna Golodryga reports on the bull market and whether it's headed for a fall.
3:00 | 03/05/13

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Transcript for Stock Market Hits Record High
approaching an all-time high. For more on what's behind the bull market, let's bring in bianna golodryga. It seems like inverss want to break through the ceiling. It could happen today. We're only 38 points from setting a new record high. The record set in 2007 at 14,164. The dow is up nearly 8% this year so far. What is behind the rally? We continue to see improvement in the housing market. That is a broad range of sectors. Housing stock, furniture, materials, home depots, all of that having a huge impact. Interest rates remain at near historic low rates. The feds keep pumping money into the economy. Consumer confidence is up because of the housing market recovery. But investors seem to be shrugging off effects of the spending cuts? As you saw, for the beginning OF THE YEAR, A LOT OF CEOs Rallying to washington politici politicians. You're not seeing a huge effect on the economy. We could have some impact. It could slow growth but not bring us into another recession. That could keep the unemployment right high. We're expecting 7.9% on friday for last month. Let's get to josh. Major escalation of tensions on the korean peninsula.

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