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Investing shares up up up!

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Good news:

One-third of the way through the year, the broad market indexes are on a pace, or close to it, that would carry them to gains of 20 percent by the end of December.

Through April the Dow Jones industrial average was up 6.8 percent, which works out with daily compounding to a 22 percent full-year return. The Nasdaq composite index climbed 18.3 percent annualized through the first four months, and the Standard & Poor's 500 index was right behind at 18.2 percent.

All in all, a solid showing - about double the highest expectation most seers were willing to venture as the year began. The accepted wisdom has proclaimed this an era of single-digit annual returns.



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