At 8 a.m. futures are up.
Investors are expecting to hear good news today. Bernanke is speaking on the economy at 10 a.m. and government data on housing sales for July is also due out at 10 a.m.
Unless some undisclosed information comes out after that or before that 10 a.m. period, the market will be responding quickly to Bernanke and housing.
It would seem that the market can't really support much more in terms of gains. It is maxed out given the incredibly cold quality to the recessions alleged reversal.
One thing to remember for today is that oil is up again to around $73 per barrel.
Reuters: Stock futures rise ahead of Bernanke, housing data
Bernanke is scheduled to speak to a gathering in Jackson Hole...
U.S. sales of existing homes likely rose to their highest level in 10 months in July...
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