Whole session unfold with the averages starting of course, but only finishing higher. The dow gaining 82 points. S p advancing, and nasdaq climbing 0. 53 . A terrific setup. A setup for the bulls. Thanks to five major positives. Oil, the dollar, excessive pessimism, Interest Rates and good earnings. All of them went the right way today. Buy buy buy. Lets take them one at a time. So you can understand what made us feel so much more sanguine. First, need oil to stop going up. Then ultimately plummeting two bucks. The rallying and the consistency of the move, the sheer viciousness has obliterated the positive stories that have been driving whole swathes of the market. When you get a huge increase in the price of oil, it amounts to the tax increase on twothirds of the american economy. And its consumer based. You Better Believe thats a gigantic buzz kill. From the lowest at 43 to the peak yesterday at 62 bucks and change, oil was up more than 42 . And if you look at it, it was like this. A
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