Up, up & away!!

Last night we were treated to a local fireworks display which probably helped spark today's major rally in the stock markets. Dow is up 234, advancers ahead of decliners 4-1 & NAZ is up 63. That's a nice rally. For the week, Dow will have a 500 point gain assuming these levels hold. Without economic news, company releases provided the fire. Citigroup (C) lost only $5B in the last qtr, Caterpillar (CAT) had great earnings plus a nice forecast for 2008 & AT&T (T) reported they were cutting 4600 jobs. All are Dow stocks with nice gains today, although T was up only 22¢. Google (GOOG) led NAZ, up 91, following a positive earnings report last night. Next week there should be more economic news which may bring back reality to the markets.