The DOW is now at 10,829, perched to hit 11,000. Oil has been oscillating between $70 and $80 per barrel for months with the price slightly over $80 right now.
Investors pointed to an uptick in consumer activity as the reason for Friday's gains. Apparently you ingrates are out there spending your money.
Even GM seems to be having a mini rebirth. The dollar is sinking against world commodities as the Fed will probably start gobbling up Treasuries in order to "boost" the economy. Now we move back to a fear of inflation.
Third quarter reports will soon start to make waves. It all hinges on that.
CNN: Stocks kick off October with gains
A slightly better-than-expected report on the state of the consumer helped push stocks higher Friday...
...the U.S. dollar has gone into a tailspin.
General Motors reported an 11% increase in September sales compared to a year ago...
Ford sales jumped 46% from a year ago...
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