| | Weekly Roundup FEBRUARY 08, 2013 MarketWatch's top 10 stories, Feb. 4 - 8 By MarketWatch SAN FRANCISCO (MarketWatch) — The Standard & Poor's 500 Index (SPX), the broad benchmark for U.S. stocks, rose for the sixth week in a row. It's been a long time since that happened. In fact, according to CNBC, it's the first time since 1971 — when Three Dog Night's "Joy to the World" topped the charts — that the S&P has risen for the first six weeks of the year.The Nasdaq Composite Index (COMP) also managed to put another week of gains. The Dow Jones Industrial Average (DJIA) wasn't so lucky, breaking its string of weekly gains by edging 0.1% lower. But for some small individual declines on the day, the Dow would also have managed a sixth weekly gain.The start augurs well for the year. In 1971 the S&P rose 10.79% and returned 14.56%. Time will tell if 2013 is as lucky as 1971.On Friday, the Dow rose 48.92 points to close at 13,992.97, a gain of 0.4%, while marking a 0.1% drop for the week. The Nasdaq rose 28.74 points or 0.9% to close at 3,193.87 and notched a 0.5% gain for the week. The S&P added 8.54 points or 0.6% on Friday to close at 1,517.93. For the week the index rose 0.3%.Check out MarketWatch over the weekend, we'll have continuing coverage of winter storm Nemo and it's impact on the Northeast, as well as all the retirement and personal finance news you need to organize your life and your portfolio.Meanwhile, please check out our week ahead videos. U.S. week ahead: State of the Union, G-20 Europe's week ahead: Currency wars at G-20 — Christopher Noble , assistant managing editorProxy war Dell Inc.'s (DELL) bold bid to go private may now lead to a proxy war, as the PC maker's largest institutional shareholder announced Friday that it plans to opposed the deal. Biggest Dell holder says 'No' to buyout deal. Cash out Predicting anything that Apple Inc. (AAPL) will do is a somewhat risky game, but some analysts are betting that the company may crack open its massive, bulging wallet in the near future to return more cash to shareholders. Apple may crack open the wallet, analysts say. Not overvalued LinkedIn Corp. (LNKD) got a significant amount of juice from its fourth-quarter earnings report, boosting its shares nearly 20% and setting an all-time high for the professional social network. Street says LinkedIn not over-valued...yet. Sloppy thinking Have you been gullible enough to believe all the recent talk about a Great Rotation? If so, Mark Hulbert has a bridge he wants to sell you. Great Rotation equals sloppy thinking. So God made a banker Could this be a commercial during the next Super Bowl? And on the eighth day God looked down on his planned paradise and said, "I need someone who can flip this for a quick buck." So God made a banker. Big deficits The U.S. economy is still badly crippled by the aftershocks of the Great Recession and needs several more years of high deficit spending to hasten its return to full employment. Big deficits needed for next 4 years: CBO. Heading higher Gasoline prices at the pump have climbed every day for the past 21 days — and they're not going to let up anytime soon. Refineries switching to summer-blend gasoline and shutting down for maintenance are just two of the reasons why. Why gasoline prices are headed even higher. Bad ratings One of the many colorful anecdotes in the federal government's lawsuit against Standard & Poor's Ratings Services (MHP) is a song that was both written and performed by an S&P employee identified as "Analyst D,"says Al Lewis in a commentary this week. S&P ratings stunk but not as much as its lyrics. Tax cheat sheet In January, Congress passed the American Taxpayer Relief Act of 2012 (ATRA). Many provisions in the fiscal-cliff legislation were stopgaps — and might go away soon. But several became permanent parts of the law, and the Internal Revenue Service is rushing to write proposed procedures to implement the law — and to simplify your filing burdens. 2013 tax code cheat sheet. Mail service blues Your failure to send your mother a proper birthday card is the least of the U.S. Postal Service's problems. Here are 10 things the post office won't tell you. 10 things the post office won't tell you. 
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