market watch - friday, page-36

That's exactly right Nouf . What we have now is the psychological relief that the ceiling crisis might be out of the way ,they've actually said that they'll sort it out (surprise surprise ! ),so therefore what is there that can stop it from going up now . We saw the blue sky idea in our market today but tellingly a lot of the runners got sold into after lunch.

Personally I can't see what's going to stop them taking it up unless something deleterious comes out of left field ,or even main field as Redbacka alluded to ,and that's always a time to be wary.

The one thing anyone bearish needs to bear in mind is that there's no indication of bubble like behaviour in the stocks themselves .We're primed for a pullback looking at the charts and the relief sentiment ,but where else are you going to put your money ?? Markets are liquid and there's no return anywhere else . If it falls over I reckon they'll buy it up again