(As of 8:14 am pacific)
The market is casting off European worries again and
focusing on positive economic data.
Pending housing starts surged and durable goods orders were up. Gold is flat while oil is up slightly. Most commodities are surging and the US dollar
is mixed against other currencies. I
think that today’s gain will hold and possibly strengthen. It appears that the bleak economic summer of
2012 may give way to a resurgent autumn for the US economy. I am hopeful.
