Yesterday everybody decided that everything was just fine and dandy with Europe and the market posted a huge gain. It was a buying frenzy. Equities were cheap and at one point the buy two get one free offer went into effect.
Its exactly days like yesterday and the emotional buying frenzy that went on that makes one wonder if there isn't some hanky panky going on. Three days ago it was dire and bleak, and blam, now its a hill of gold.
CNN: Stocks set to extend gains
Before the market opens, the Commerce Department will release its report on retail sales for May. Sales are expected to have risen 0.3% after rising 0.4% the previous month.Reuters: Stock futures inch higher
U.S. stocks posted their best day in the last nine on Thursday in response to signs of health in the euro debt market and as investors snapped up energy shares crushed in the previous day's sell-off.
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