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Prices have risen for three straight sessions, leaving them 7.5percentt higher than a year ago.
The index had not risen in three straight sessions since April 1.
By contrast, Scared Straight sessions, in existence since 1976, have dwindled to three in the last six months.
After five straight sessions of gains, the index is down 19 points, or 0.4%, at 4877 in mid-morning trading, with miners dragging as metal prices ease.
Treasuries had sold off for three straight sessions amid concerns about inflation and speculation that Saudi Arabia might reduce its holdings of United States government securities.
In another e-mail, the committee quoted Mr. Obama's State of the Union message about the market "roaring back," and stated that the last time the stock market declined for nine straight sessions was during Jimmy Carter's presidency.
Similar(42)
Interest rates were higher for a third straight session.
Stocks lost ground for the fourth straight session.
An encouraging earnings forecast from U.P.S. and stronger manufacturing figures gave the stock market its sixth straight session of gains.
The Dow Jones industrial average closed lower for the fifth straight session, falling 76.44 points, or 0.59 percent, to 12,932.09.
Most Asian stock markets closed lower yesterday, with the key index in Tokyo falling for a fifth straight session.
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