The Dow jumped 1.7% today on news of multiple mergers.  Amex announced lower earnings however and gas prices rose above $3.00 per gallon.  Has the Dow finally found traction?  I’d give it an “A” for effort but I expect it’ll be short-lived for the time being.  We’re still down considerably from the last high spot in May and about where we were back in February.  I’m still looking to the 4th quarter before the market firms up. 

Nevertheless, I could be wrong.