(as of 7:00 AM PST)
A mini-surge in the Nasdaq is being led by Apple and Alibaba, but otherwise things are very quiet to start the month. Tomorrow is election day and political pundits are mulling about whether Republicans will take control of the Senate. The Japanese Yen is plummeting against world currencies as the effects of a proposed massive stimulus program from the Japanese Central Bank settle in. Oil and gold are down. In US economic data, the ISM, a measure of manufacturing output was up and above expectations. First time homebuyer purchases came in at a twenty seven year low. We are entering a period where stocks historically perform above average, but one wonders how far the current rally can run.
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