(As of 6:45 am pacific)
The market is rising again
this morning into the new quarter, the afterglow of Friday’s spectacular
gain. It’s a different feel this morning
however as gold and oil have left the party, falling moderately. Interest rates are stable and the dollar is
mixed. I would say that if the market
can continue this rally through the day, it would be a very bullish sign for
the future. I think we may see a
pullback as the day wears on due to weak domestic economic news. A key manufacturing index the PMI came in at
an 18 month low, but still expanding slightly.
