US Stocks Mark New 2009 Closing Highs

The continued steady stream of buying in Caterpillar, General Electric, DuPont and a host of other industrial and materials companies paced all three major indexes to new closing highs for the year Tuesday.

Going into September, many investors had preached caution on stocks, noting the month is historically one of the market's weakest. Moreover, given the previous few months had provided significant market gains, there was serious trepidation about a possible round of profit-taking among the investing public.

But so far this month, these concerns haven't come to fruition as each day's rally has been followed by another one in the past two weeks. As the gains continue, even more trepidation seems to be building, which some say could be a contrarian indicator. (more)