From a professional standpoint, it's hard to believe that over a one-and-a-half day period the market has wrung out all its excesses, corrected itself, and it's back to up and away. So I think a lot of pros are kind of watching this rally with a little trepidation.
Microsoft is a tech bellwether. Even though technology has had less impact over the rest of the market than in the past, it's still a huge component of the market. We'll see if Microsoft's comments force people to sell the stock .
We've had a little pullback recently, but overall it's been an incredible performance by the market. The bull market is back and intact.
The employment numbers were a mild positive. There is a feeling of mild surprise that the market hangs in as well as it does with all that's going on.
The futures are down and that's got to be expected after the previous week's strong moves. But what's most impressive is that the market for all intents and purposes is hanging on to those gains.