The talk of the day was the news of the Facebook IPO. The buyers were fairly strong until the last hour of the market. The Dow is nearing that 12,876 resistance area again. The more the market moves sideways right here, the more likely it will break out to a new high. The Russell 2000 was up over 2% today. That is usually a signal that the institutional investors are getting back into the higher risk trades...normally a bullish sign for the market. We'll see if there is any follow through tomorrow.
For some comic relief, you can view this YouTube clip:
http://www.youtube.com/watch?v=sGwNUPFVYAA&feature=related
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