Today was a great day for markets. Dow Jones surged to above 14,000 for the first time in two and a half months, and the blue chip index rose more than 200 points. To be exact, Dow Jones is currently sitting at 14,087.55 which is its record high, ever, after rising 191.92 points, or 1.38 percent. Nasdaq jumped 39.49 points to 2,740.99 which is 1.46 percent increase and S&P 500 jumped 20.29 points to 1,547.04 or 1.33 percent.

The profit warnings from Citigroup and UBS apparently did not scare off investors, and it looks like they were eager to get back into stocks at the beginning of the fourth quarter after pretty weak third quarter. Because of the bad news from Citigroup and Swiss bank UBS AG many seemed very confident that Feds will make another interest rate cut at Oct. 30-31 meeting which will definitely send stocks up even more, so it looks like investors just didn’t want to be left behind.

Overall I believe we are in for a very interesting fourth quarter. Check out the 5 year Dow Jones chart bellow.