Stocks were rallying today on optimism about earnings based on last night's results from Alcoa and CSX.
After hours tonight Intel announced better than expected earnings and raised its forecasts. This caused the futures to gap open when they resumed trading. Here is what they look like now, after hours.
This has been a wicked rally off the lows. It *might* be getting towards a short term top, possibly tomorrow, but I would not want to get in front of it. Wait and see how the rally progresses.
"To be a follower of both Ayn Rand and Christ is not possible. She recognized that those Christians who claimed to share her views didn’t seem to understand what she was saying. We are sustaining a climate in which not a few gullible souls believe she is worth taking seriously. Instead of recommending Atlas Shrugged, perhaps we should simply hand out copies of The Satanic Bible." Alan Bean, Ayn Rand, Mother of American Satanism, 2012