Based on recent history, it sure will. I'll be buying the opening dip (very small positions with tight stops, but I'll be buying it). Even though it goes against my grain, you have to go with what works. End of story. The "Invisible Hand" will reach out and lift the market as always.
Passage equals USD weakness which equals stock market uptick ummm maybe or Passage equals USD weakness, which leads to flight to quality as in OIL. I put my money on the Oil run....you can bet on the Stock Market Run.
The smart companies are way ahead of this bill. They've made or are making the adjustments necessary to keep the cash rolling in.
And the quick reverse to the upside came through as always. Bought a little FAS at $90 sold it around $90.25 expecting you know a small pullback below $90 to get back in again, well it jumped past $90.50, $90.75, $91, all the way to $91.73 as Im typing this, damn talk about the bulls wanting in on every little uptick, talk about greed. Damn, Ill wait patiently once again while the bulls have a party bidding up already overbought stocks. Seems the bulls no matter what come in and buy every small decline, of course this will change sooner or later, always does....
Look at the dow on the 3 or 5 minute chart. Starting after 3:30 pm Friday it made a textbook double bottom around 10700 and powered higher off that this morning. But now it's after 10:00 so lets see if the real sellers show up today.