Happy Mufti Day Traders, (and thanks for the compliment...

Happy Mufti Day Traders, (and thanks for the compliment RWEmerson, lol)

DOW Snapshot from previous trading session

"U.S. stocks surged more than 1% Thursday as an early rally gained steam, following a strong debut by General Motors' stock. Overnight talk that the Irish government was close to accepting a bailout loan eased eurozone worries and sent global stocks soaring. That momentum spilled over to U.S. markets.

Shares of General Motors opened at $35 apiece, $2 above the offering price. Trading was very active, with volume topping 452 million shares at the close. That's equivalent to about 10% of the total volume trading on the New York Stock Exchange's Thursday. The automaker's highly-anticipated initial public offering raised more than $20 billion, making it the largest in U.S. history. "The GM deal looks like it went well, which shows there's finally some stability and a growing company," said Joseph Saluzzi, co-head of equity trading at Themis Trading. "There was really no question of it not going well, because they had the government behind them, so it's a no brainer for investors -- they're thinking they can get a quick flip here, buying at $33 and selling at $35."
0:00 /1:01Investors cheer GM debut

All but one of the Dow's 30 components rose, with Alcoa, Caterpillar and Boeing leading the gains.

"The market is bipolar right now -- one day death is upon us, the next day everybody's jumping in," said Saluzzi. "There's not a lot of conviction overall, but today's one of those 'risk on' days."

After rallying in September and October, stocks have had a rocky November as eurozone worries and uncertainty about the U.S. economy's future have bubbled to the surface." [Source: cnnmoney.com]

The DJIA Index finished the trading session Up 173.35; and
The SPI Futures are currently: Up 30 pts atm.

Of note in the US this evening:

Ben Bernanke speaks

...AND...

Of note in Australia today:

Please note there is no noteworthy 'Economic news' due to be reported in Australia today.

Gold is currently trading Up $17.70 & is sitting at US$1,353.50/oz atm [Source: Kitco]
Oil is currently trading Up $1.41 & is sitting at US$81.85/bbl atm [Source: Bloomberg]
The Dollar: The AUD is currently trading @ 0.9901 cents against the US Dollar[Source: Forex. Live]

Have a great day trading today all.

Cheers, Tweets

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