The run-up is probably due to a number of factors.
More Quotes from Michelle Clayman:
GDP numbers could surprise a little to the upside, and that may be why the Fed said what it did, ... Confidence numbers could also be surprising, in light of recent reports.Michelle Clayman
The market has been miserable of late, so it's not surprising that we're seeing a little bounce now, aided by the three economic reports. The economic news isn't great, but it's not awful, so that helps.
Michelle Clayman
Things have been so gloomy, (but) now many people sense the bottom is here and we'll start to drift upward.
Michelle Clayman
You've clearly got some selling on the news, ... Microsoft wasn't bad at all, but it wasn't as bullish as some people were hoping.
Michelle Clayman
Yesterday was a fairly solid day, today we had a fair amount of economic news -- and as far as the market is concerned it's good news and bad news.
Michelle Clayman
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