U.S. stock indexes close at all-time high

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(MoneyWatch) Investors continue to shrug off concerns about the looming "fiscal cliff," with parts of the U.S. stock market closing today at all-time highs.

 A gain in the Wilshire 4500 index (the Wilshire 5000 without the S&P 500 companies) moved the dividend reinvested Wilshire 4500 Total Return Index above its all-time high of 11.20129 set on September 14. The Wilshire US Mid-Cap Index (W5KMC) and Wilshire US Mid-Cap Value Index (W5KMCV) gained 0.52 percent and 0.68 percent, respectively, topping the dividend reinvested total return indexes all-time record highs set Tuesday.

The Wilshire US Small-Cap Value Index's (W5KSCV) 0.73 percent gain today set the dividend reinvested Wilshire US Small-Cap Value Total Return Index all-time high for the third day in a row. The index closed today at 6,436.05, breaking its all-time high of 6,410.57 set on September 14.

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    Allan S. Roth is the founder of Wealth Logic, an hourly based financial planning and investment advisory firm that advises clients with portfolios ranging from $10,000 to over $50 million. The author of How a Second Grader Beats Wall Street, Roth teaches investments and behavioral finance at the University of Denver and is a frequent speaker. He is required by law to note that his columns are not meant as specific investment advice, since any advice of that sort would need to take into account such things as each reader's willingness and need to take risk. His columns will specifically avoid the foolishness of predicting the next hot stock or what the stock market will do next month.