Thin volume 'risk on' rally as stocks faded into the close from the highs but kept some gains.
The markets are primarily eyeing the sovereign debt situation and discounting domestic results and economy, at least for now.
"Our government is the potent, the omnipresent teacher. For good or for ill, it teaches the whole people by its example. Crime is contagious. If the government becomes a lawbreaker, it breeds contempt for law; it invites every man to become a law unto himself; it invites anarchy."
Louis Brandeis, Olmstead v. United States, 1928