Another tiresome day of slow motion upward melt. Bears have seemingly zero power, and the current upward trend shows no sign of ending. A repeat of autumn 2010 ? The Rus'2000 closed a touch lower, but really, the general trend remains consistently higher.
Dow
SP
Trans
Summary
Transports remains the leader, with the Dow pushing higher today - almost entirely due to the jump in IBM.
Tiresome...indeed.
More later..on the indexes and the VIX.