[rohry]

Wow! Market up, economy good, let's all buy stocks...

[rohry]

Market WrapUp is delivered...

[Billy_bob_bob]

You first.

[RightWhale]

Somebody is buying gobs of Loral. I have been expecting a buyout for a long time. This could be it.

[imawit]

You first !

[raygun]

Today was another one of those surprises on the upside. In the Dow a hefty advance and a breakout to a new high for the month leaves nothing between the position of the Dow now and its August high except a mere piddling 200 points. The advance/decline score for the components of the Dow was thirty to nuttin. But breadth was strong across the board. Thirty-one of our 32 tech stocks were up. All twelve of our bellwethers (which are mostly tech stocks) were up.

Volume was on the low side, of course, but on the day before a holiday, a semi-holiday and an adjacent weekend, I don't see how it could have been anything else. So if the question is whether the volume contraction on the rise is forgivable, the answer is, “Yes, but don't make a habit of it.”

It wasn't just an advance; it was a breakout. Definately feel good about it; and we certainly have a right to feel optimistic about this kind of action.

[steveegg]

Got any suggestions <VBG>?

Seriously, this rally does look to have some legs, even though they're diseased chicken legs. I get a sense that the overspending consumers have one last splurge left in them, and they're bound and determined to take that splurge.

[razorback-bert]

Look at the geopolitical situation and that will lead you to another promising area.

Wow, no one wants to say straight out, OIL is going up.