US equity markets have staged a strong rally since their low point in June 1, 2012. At that time investors feared a global recession, Europe was facing disaster and the general outlook was one of despondency. The market closed at 1278.04 on June 1, 2012. Since that time, in a stealth rally, the broad market has risen 12.7% through the end of the third quarter 2012. The market closed at 1440.67 September 30, 2012. In September alone usually the worst month for markets, the S&P rose 2.6% and the Nasdaq 1.6%. The Dow logged 2.75%.