the rip higher

OK Not quite a 500 point gain but I will take 420 when I am way long. The DJIA closed +420, NAZ +91 and the SPX +54. The SPX gain of 4.2% is the biggest rally since October 2002 - and check what happened in that month.

Strongest sectors- brokers, banks, homies, airlines, insurance, internets and retail while metals, utils and drugs lagged.

Key stocks - 38/40 higher led by MS GS MER C NYX DECK BAC AMZN ICE RIMM GRMN;

NYSE- 9/1 advancers/decliners;

NAZ- 3/1;

NDX- 96 GREEN;

OEX- 98 GREEN;

IBD 20- 19 GREEN;

VIX- down 20% at/near 25.9;

TRIN- .42;

Up volume 20X Down volume;

So 1,315 on the SPX in the rear view mirror again and next stop hopefully - 1,340 the next big FIB retracement.

NAZ +91 or 4.4% while the RUT was almost +5%- pretty pretty good;

GS up almost $25 and about $35 or almost 25% off of yesterday's lows- tough to comprehend but it is what it is;

Also, check the list of what could go right;