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Buzz & Banter


Let's see what we've got today: awesome breadth, nice volume, huge number of upticks, some buy programs, M&A activity, high profile analyst upgrades, SOX and BKX breaking out, new highs on broader indices (NDX and SPX), dollar higher, and corporate spreads tighter.

If that isn't a near perfect recipe for higher stock prices, I don't know what is. Actually, hold that thought, we could get a Saddam or Osama capture in there, that would complete the perfect recipe.

Whatever the opposite of a perfect storm is, it sure feels like that's what we're getting here for the bulls. Whoever said the news is best at the top was thinking about days like this. Liquidity and momentum, and maybe options expiration, make this observation some other day's business. But this feeling should be remembered, and stored for retrieval on a later date.
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