IKEM/184/YELLEN OPENED HER MOUTH

At the testimony before the Congress and she assured the rate hike might not occur until the second half of the year. She indicated that it would likely come later rather than sooner. The markets rallied on her comments again yesterday and rose to new fresh records. The Dow Jones index hit its second record close of 2015 and the S&P 500 also delivered a record finish. Go home and here is the Martini time. The markets are in rally mood. Naysayers, doomsayers, short sellers are not in the market? Remember, last year everyone was scared about the end of QE, but Mr. Market just gets higher since that time.

Tuesday gauges:

• Dow 18,209 +0.51% 
• Nasdaq 4,968 + 0.14% 
• S&P 500 2,115 + 0.25% 

The Nasdaq is only 1.6% off its March 2000 peak. The tech benchmark index advanced for the 10th session in a row, scoring its longest winning streak since mid-2009.

European stock markets gained nicely too across the board. The Athens Composite Index GD, +9,81% surging. And the FTSE is in 15 years high. As we forecasted the bulls are stronger in Europe recently in the first quarter of 2015, especially in FTSE, IBEX and SUI30.

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The BFM Assets Team.