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More of the same for stocks yesterday as they continue to grind higher. The Dow gained back 104 of the 148-points it lost on Monday, but the S&P 500, Nasdaq, and small caps, all plowed higher into the close, after a weak open, and closed at new highs.

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Originally Posted by coolhand

Back on November 16th I said...

"I have a hunch that this market could get silly to the upside. I can't predict it, but I would not be surprised with a rally that has even the bulls shaking their heads. I'm looking forward to seeing how this actually plays out."

Today, we got yet another rally on top of the gains over the past 3 plus weeks. Admittedly, the DWCPF has been outpacing the S&P 500 during this time, but up is up.

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Stocks were mixed and mostly lower on Monday, although those leading Nasdaq and small caps stocks managed to pick up another gain. It was rather quiet after Friday's rally following the disappointing jobs report, so the bears didn't make any moves, while the bulls didn't push things. The Dow lost 148-points, about 100-points off the lows made just a few moments before the close, and was the laggard on the day.

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Stocks jumped again after a not so impressive jobs report. The Dow gained 249-points and the major indices all gained just short of 1%, while small caps shined again and gained nearly 2%. Bonds were down, which I can only assume was a reaction to the need for more stimulus.

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