Stocks close at their highs of the day as we get a nice run up in the last hour of trading. No doubt, the gains were helped by shorts covering their positions ahead of tomorrow morning's weekly jobs report.
Dow +183
Nas +46
S&P +20 to 1164
Banks had a strong day as several statements (Fleckenstein and Geitner) made shorts run for the exit.
Tomorrow is an important day. It would be nice to continue this rally as we head into a long weekend...and in advance of next weeks earnings releases.
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