An upbeat private sector employment report sent the stocks soaring on Wednesday, with The Dow Jones Industrial Average trading in record territory, a day after closing at an all-time high and beating the previous record set in the fall of 2007 by about 100 points. The Dow was 59 points to 14,312 a half hour after Wednesday's opening bell. Bank of America led the way, gaining 2 percent to $11.81. The S&P 500 also rose, while Nasdaq toggled in and out of negative territory. Some analysts warned that the rally may be the beginning of a bubble, CNBC reported. U.S. shares are up almost 7 percent since the start of the year, European markets have gained about 5 percent, while in Asia, Japanese shares have risend almost 13 percent. "I think stocks could very well rally through the rest of this year, even into 2014 based on this wave of money, but at some point it will pop and collapse, and that's what investors need to bear in mind," Jim Rickards of Tangent Capital, told CNBC Asia's "Squawk Box".
