Up, Up & Away

The stock market is having a nice rally today, up 176 already putting it solidly above 13K. Interesting, this is the third day in a row the Dow has been around 13.1K, a trading zone for the short term. Walmart reported very good earnings & forecasts, always a big plus. Goldman said they didn't expect to take a big hit with write downs. BankAmerica is writing down $3B in debt to cover loan problems, so they're up 1 1/2. Even Countrywide reported mortgage business down substantially, they're still up fractionally. The buyers are back in the driver's seat, NAS is up almost 2%. Volatility continues, expect more big swings.