Weekly Roundup: MarketWatch's top 10 stories, March 25 - 29

	Weekly Roundup MARCH 29, 2013 MarketWatch's top 10 stories, March 25 - 29 By MarketWatch SAN FRANCISCO (MarketWatch) — Well, U.S. stocks finally did it. During a shortened trading week, the Standard & Poor's 500 Index, which is probably the most closely followed, broad index of equities in the country, if not the world, hit a record. Eclipsing a five-year-old high by just four points, the S&P 500 (SPX) closed on Thursday at 1569.19, a gain of 6.34 points or 0.4% on the day. The Dow Jones Industrial Average (DJIA) also set a record on Thursday, advancing 52.38 points or 0.4% to close at 14,578.54. The Nasdaq Composite Index (COMP) added 11 points, or 0.3%, to close at 3,267.52. Markets were closed on Friday for Good Friday. Click through to MarketWatch over the weekend, where we'll have all the news you need to keep track of what's important for your portfolio and your life. — Christopher Noble , assistant managing editor. Momentum test After a month of teasing investors, the S&P 500 closed at a record high on Thursday. Time to take the money and run? Maybe not, but keep in mind some technical strategists say they expect a pullback of 2% to 3% before the index of large-cap U.S. stocks pushes to higher highs by year-end. S&P 500 record to test market momentum. Bond break Bond investors are sweating out the most challenging climate in years, as managers eked out modest first-quarter gains by adding riskier corporate debt and avoiding government bonds. A tougher road likely lies ahead for U.S. bond mutual funds and index-tracking exchange traded funds. Why bond funds and ETFs are breaking. Most dangerous Money-market funds, thought to be one of the safest investments, are actually some of the most dangerous, says Rex Nutting. They are still vulnerable to the same kind of bank run that nearly pushed the global economy over the brink in 2008, and there's no plan by the industry or by its regulators to fix that vulnerability. Money-market funds are a most dangerous investment. Transformed Investors are celebrating the 10th anniversary of the world's first exchange-traded fund backed by physical gold, and they're in awe over how much the investment vehicle has altered the landscape for the precious-metals market forever. How gold ETFs have transformed market in 10 years. Good news, bad news BlackBerry Inc. (BBRY) reported a surprise operating profit for its fourth fiscal quarter thanks to cost reductions and solid shipments of its new handset. On the negative side, the company lost about 3 million subscribers during the period. And that's not all. BlackBerry profit surprises; subscriber loss grows. There's a new market in town This past week, investors and talking heads looking for something to worry about looked to Cyprus, where a banking crisis threatened to unravel the euro zone. But in the end, investors responded with a gigantic ho-hum as European markets rallied Thursday, writes Howard Gold. Welcome to the new market. Retirement rescue Burton Malkiel and Charley Ellis are interested in your money. They don't want it. In fact these two respected investing experts want you to spend less on the mutual funds and other retail products that Wall Street peddles to Main Street investors. 3 investing rules to rescue your retirement. Euro depression ahead The Cyprus debacle will deepen the depression now starting to grip the European economy. This is no longer a financial crisis — it is an economic crisis. And the collapse of Cyprus will make that a whole lot worse, says Matthew Lynn. After Cyprus, euro zone will slip into depression. McGraw to retire McGraw-Hill Cos. (M) Chief Executive Harold "Terry" McGraw is quietly planning his retirement and Doug Peterson, president of the company's Standard & Poor's Ratings Services, is the top contender for the job, according to sources familiar with the matter. S&P chief likely to succeed McGraw-Hill CEO. Madoff says the banks knew Bernard Madoff, speaking out from prison, says the banks knew of his fraudulent activities all along. The perpetrator of a history-making $50 billion Ponzi scheme wrote in a letter to MarketWatch from jail that he is now telling government committees the story. Madoff email to MarketWatch: Banks knew all along. Get the latest news on our mobile site: http://www.marketwatch.com/m MarketWatch has sent you this newsletter because you signed up to receive it. To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2013 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07). MarketWatch - Attn: Customer Service, 201 California St., San Francisco, CA 94111