time to look for the little man behind the curtain. the dow high of the day so far is 13,036.18. That is .38 of 1 pt higher than what the bad 52 week high was yesterday.
And that was after they cut the consensus number by (I think) 14%, too. No big deal. This will be bullish for the market as it takes pressure off the fed.
Good for bond market, good for stocks. If it's stronger than consensus -> economy strong, good for stocks!!!
Boy it sure was easy thanks to the futures being up .50%, just think how hard it would be if the specialist did not get to mark up their merchandise in pre market, THANKS FUTURES! Now every news paper in the world can say dow reaches 13000.