Full Bull Mode?

[BadThad]

Man, I'm getting excited! Looks like just MAYBE we're back in Bull mode:

U.S. stocks most higher in extending best rise since March
11:16a ET September 24, 2007 (MarketWatch)
NEW YORK (MarketWatch) -- U.S. stocks pulled higher Monday, as investors remained upbeat about the Federal Reserve's surprise half-percentage point interest-rate cut last week that helped propel Wall Street's biggest rise since March.

"The bailout of the markets and potentially the economy moved investors from the sidelines into stocks. We are expecting the market to continue to advance due to the good feelings around the Fed cut," said Paul Nolte, director of investments at Hinsdale Associates. Hear interview with Nolte.

At 11:15 a.m. Eastern, the Dow Jones Industrial Average advanced 29.3points at 13,849.5, with 16 of its 30 components trading higher, led by Microsoft Corp. , ahead 3.3%, and General Motors Corp. , up 1.8% as an 11 a.m. Eastern deadline passed to reach a new contract with the United Auto Workers.

Loss leaders on the Dow included JP Morgan Chase Co. , off nearly 1%.

The S&P 500 climbed 3.58 points at 1,529.33 and the Nasdaq Composite rose 19.75 points at 2,690.97.

At the New York Stock Exchange, 411 million shares were traded, with advancing stocks ahead of declining issues by 8 to 7.

Volume at the Nasdaq came to 650 million shares, with advancing and declining stocks running nearly even.

Active issues

Ford Motor Co. Chief Executive Alan Mulally said that the automaker's North American operations are on track to return to profitability next year. Ford's stock gained 3.4%.

Also in the news is Dow member Wal-Mart Stores Inc. , which disclosed a pilot project to measure energy used throughout its supply chain as it looks to be more energy efficient. Its stock was up 0.1%.

The technology sector is also in focus, with EMC Corp. upgraded by Bear Stearns and Citigroup. The brokers are citing the storage-software maker's 87% ownership in software-virtualization company VMware Inc. , as well as EMC's own valuation. EMC's stock climbed 3.8%; VMware shares gained almost 6%.

Motorola Inc. shares advanced 1.3% after the mobile-phone maker's upgrade by RBC Capital Markets to outperform from sector perform. See Movers & Shakers.

Other markets

The U.S. dollar touched a new record low against the euro, and drifted down against the yen. Read Currencies.

At the New York Mercantile Exchange, crude-oil futures fell, coming under selling pressure after fears a tropical depression might damage oil installations in the Gulf of Mexico dissipated during the weekend. The benchmark crude contract declined 69 cents at $79.95 a barrel. Read Futures Movers.

Gold futures fell $1.20 to $737.70 an ounce. See Metals Stocks.

Treasury prices fell, sending yields higher, with the benchmark 10-year note down 5/32 at 100 27/32, its yield at 4.644%. Read Bond Report.

There were no economic reports on tap during the session, but Dallas Fed President Richard Fisher said a recent downtrend in inflation gave central bankers "some wiggle room" to cut its overnight target interest rate by a half-percentage point.

Still on tap are speeches slated to be delivered by Fed Chairman Ben Bernanke and Chicago Fed President Charles Evans. See the Fed.

Elsewhere

Overseas, most European shares climbed as strength in the mining sector overtook lingering worries about financial-market turmoil and its impact on banks including Northern Rock. Read Europe Markets.

Asian stocks rallied on renewed enthusiasm over the U.S. interest-rate cut, as well as on thoughts of more ahead. See Asia Markets.

[BadThad]

No sooner than I say that and the market dives. LMAO

[BadThad]

YAY! The GM strike is over.....anyone want to bet we see the bull return today? :D

[BadThad]

Wow, the market is a real bull/bear battle today....looking like the bulls are going to win the day now.