There's relief (in the market), coupled with some good corporate news from GM. Certainly the U.S. durable goods data today is very important. Oil prices are steady and that helps too.
More Quotes from Hilary Cook:
There's renewed confidence - companies are feeling happy, they are feeling pretty good about life. They are saying we don't need this money for a rainy day we can buy extra growth.Hilary Cook
There are genuine concerns about economic growth globally, and there's earnings pressure from a lot of places.
Hilary Cook
Cisco, one of the bellwethers, is going to be out after the close, ... that will be a good indication of corporate health.
Hilary Cook
All this mergers and acquisitions activity is quite extraordinary.
Hilary Cook
BPB may have a valid point and they may be able to get a higher bid. The chances are they'll talk to each other and come up with a price. The fit is clear.
Hilary Cook
Companies are feeling prepared to buy. We'll see more announcements coming through. It's a good thing for stocks.
Hilary Cook
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