We have stocks like Chipotle (CMG), Fossil (FOSL), Wynn (WYNN), Netflix (NFLX) and Lululemon (LULU) going nuts. We have the oils on fire. We have the banks doing terrifically. The minerals and mining stocks are so so strong.
It's one of those days that if Apple had said nothing, we would be marveling about how so much good could occur at once.
Those who are not in awe of this market simply must have some wildly negative view of what's happening. I know my colleague Brian Sullivan said this morning on "Squawk on the Street" that this rally has to make you nervous.
I agree with that. I have rarely seen such breadth and such terrific performance over such a sustained period of time.
But isn't that the healthy sign we are looking for? Isn't that what we really want out of a tape?
To me, the wide selection of stocks that are rallying is proof positive (not negative) that this market is for real.
I don't know how else to look at it.
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
Technically the market has made some positive progress with two intraday reversals in a row to the upside, but it's still a balancing act for investors.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.
Email
Email sent
Thank you, your email to has been sent successfully.
