Dow and S&P Signal
Funds back in market??? While they got smacked real good, and I mean real good, most had actually gone cash rich. Today is a big move, especially when you consider that options expired today. The net net for the week is positive, something the market desperately needed. If funds continue to enter the market you could see 9700 on the Dow next week. Is Happy Daze Here Again? No, but relaxing days are here and people are looking for markets to buy GOOD stocks. Commercial Paper is trading again, albeit in a very light way. And don't forget Warren Buffet's announcement that he was buying this AM, an announcement that was akin to JP Morgan stepping on the floor to stem the 1893 market crash by announcing that he was a buyer. Interesting link here.
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