Monday, December 10, 2007

Keep throwing darts

It looks like all you have to do to make money is throw darts. That is working today. Dow is up 97 & NAZ is up 14. Advancers are ahead of decliners better than 2-1, not so great in today's market. Stocks I watch are all up nicely. Obviously the rate cuts tomorrow are bring out buyers from the woodwork today. Last week the market was up nicely although banks, MLPs, REITs & junk funds were flat at best. Maybe tax loss selling held them back.

UBS is writing off $10 billion in subprime loans, they're up 1. McDonalds (MCD) report same store sales up 8% last month with much of the gains from overseas. They're up 1+.

A big gain tomorrow will push the Dow near 14K, near it's record from reached a few months ago. For my money, that's too much too fast. But the Dec rally is in full swing so enjoy it.

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