THE RAMP

Markets started moving up about 2PM when the fed minutes came out and yikes straight up as GS hits a new high at/near $240 and my $250 year end target may be hit before the end of the week. About 80 points straight up since mid August.

Strongest sectors metals, aussies, china, oils, brokers, utils, emerging markets, defense and internets while semis, retail and drugs lagged.

Key stocks- 26 out of 40 in the green led by POT GS GRMN XOM UA LVS CELG BG and CAT; LOSERS- KLAC CROX NVDA RIMM DECK TIF WYNN MTW and COST;

Not much to say about the markets except equities IMVHO appear to be the best place for investable cash- probably cheaper than bonds, r/e, and metals; and the trends are up and bullish season around the corner. PE on major indexes probably in the 15 area and earnings moving up and likely to beat estimates.