Each time we get some movement toward the sell side, it is quickly reversing. Stocks are continuing to climb and it looks like the Dow should hit 13,500 soon. M&A deals continue to power the economy, and there have been no shortage of deals.
We've seen a fair amount of negative news, but yet the market continues to climb. I think that it is because this bull market is being driven by strong corporate results, and the individual investor hasn't taken part in it.
The factors that we've heard about: weak retail results, inflation, subprime mortgage issues, high gas prices are all affecting consumers, but corporations are continuing to post solid gains. The big, blue chip companies are doing best, and that is why the Dow is doing so well. Tech stocks and others in the Nasdaq haven't fared as well. I'll continue to keep an eye out for new ways to play this market.