Morning Brew: Stocks Advance in Pre-Open Trade
Good morning. The advance continues despite a lack of supporting good news. Call it hope or a lull in bad news, the near term bias appears to be higher. After-hours and pre-market activity tend to be good indicators (and often good trading opportunities) and the action there of late has been clearly positive.  Why should anyone be surprised? despite the ugly and unfortunate continuation of pork spending even in these dire economic times, the fact remains that a record amount of economic stimulus has been and will be injected into our beleaguered economy. This will have a supporting and eventually growth stimulative effect. The markets will recover before the economy so don't wait for your neighbor get their job back before you buy back in. Now is the time. This morning's stats and commentary below. [More...]
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