On a personal note, I've recently upgraded my technological capabilities relating to work. The proud father of a netbook (really, it's quite revolutionary, v/v value and mobile opportunities), I now work on three screens at once, armed with streaming information everywhere from the invisible glow of a newly established wifi network. I'm also better armed for mobile blog posts from the road (in my case, generally Buckies, er, Starbucks).
And so it is tonight. But now down to an abridged report on today's markets.
Euphoria reins supreme, the markets are heading upward with little hesitation and even less volatility, and 52-week highs are noted as easily as major psychological resistance levels (i.e. round numbers vis-a-vis the benchmarks) are neared and broken. In short, the need for vigilance is higher than ever. A pull-back -- possibly sharp -- is a real possibility; but in the meantime, profits from long positions may yet be plentiful.
The main story today was the S&P500. The index, after an open at 1088 and an intra-day low near 1086, reached an intra-day high around midday of 1100.17 before pulling-back marginally to close at 1098. Very bullish, needless to say. Yet the bear case cannot be ignored, as presented with a broad-stroke in the above paragraph. Worth adding: some analysts were going on record during the summer, when the rally was far more nascent, that the upward thrust may vault the S&P to the vicinity of 1100 or 1150. Caveat emptor. From the usual source:

I shall cut the analysis short and halt here. For one, I am seeing the Coen brothers' newest release, "A Serious Man," in a mere 10 minutes, and the cinema is about a dozen miles from my present location (Highland Park, IL versus Skokie, respectively). Furthermore, I sat out today's market and hence lack personal trading anecdotes which I could relate. Subsequent updates shall touch upon last week's trading -- the good, the bad, and the ugly. You deserve all the meat, dear reader.
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